Soneri Sarmaya Certificates -- Soneri Bank Limited

Soneri Sarmaya Certificate is offered by Soneri Bank to Individuals (in single or joint names), Minors (to be operated by the guardian), Charitable Institutions, Provident Fund and other funds of benevolent nature local bodies, Autonomous Corporations, Limited Companies, Firms, Associations, Educational Institutions etc who have the intention of retaining their savings for a fixed period thereby earning a higher rate of profit. Soneri Sarmaya Certificate allows you to save a fixed amount in Pak Rupee for a set period of 60 months at a provisional and attractive profit rate higher than the normal Term Deposit.

Minimum Deposit Amount:

Pre-matured Encashment: Pre-matured encashment is allowed without any penalty however you will receive profit less than originally contracted.

Running Finance facility: You can use your Soneri Sarmaya Certificate as collateral to apply for Running Finance facility.

Govt. Withholding Tax apply on all cash withdrawals over Rs. 25,000/- and profit credited into account
Zakat is deductable from Account however Zakat exemption forms are accepted

SHARING PROFIT/LOSS:

Provisional rates are announced on a six monthly basis however profit/loss earned/incurred on Soneri Sarmaya Certificates are determined by the Bank at its sole discretion on the basis of its net working result at the end of each half-year/ year
Calculation of products on Soneri Sarmaya Certificates is computed on a daily product basis

Provisional Rates

ANNUALISED RATES OF EXPECTED PROFIT FOR DIFFERENT TYPES OF PLS DEPOSITS.

Effective: 01.01.2008

Period: JANUARY - JUNE, 2008

Term	%age
On completion of 1 year from date of issue	6.00% p.a.
On completion of 2 year from date of issue	6.50% p.a.
On completion of 3 year from date of issue	7.00% p.a.
On completion of 4 year from date of issue	8.00% p.a.
On completion of 5 year from date of issue	9.50% p.a.
On completion of 6 year from date of issue	11.50% p.a.

Soneri Sarmaya Certificates