|
PREVAILING
INTEREST RATES
The fixed deposit rates of DFCC Bank and DVB shall
be as follows with effect
from 10th December 2007.
| |
1
month
% (p.a.) |
3
months
% (p.a.) |
6
months
% (p.a.) |
1
year
% (p.a.) |
2
years
% (p.a.) |
3
years
% (p.a.) |
4
years
% (p.a.) |
5
years
% (p.a.) |
| Nominal rate
|
16.50% |
18.00% |
18.50% |
18.00% |
18.50% |
18.50% |
19.00% |
20.00% |
| AER |
17.81% |
19.25% |
19.36% |
18.00% |
17.05% |
15.85% |
15.18% |
14.87% |
| Monthly |
- |
17.74% |
17.82% |
16.67% |
15.84% |
14.80% |
14.22% |
13.94% |
| Quarterly |
- |
- |
- |
16.90% |
16.05% |
14.99% |
14.39% |
14.11% |
| Bi Annually |
- |
- |
- |
17.26% |
16.38% |
15.27% |
14.64% |
14.35% |
| Annually |
- |
- |
- |
18.00% |
17.05% |
15.85% |
15.18% |
14.87% |
| Maturity |
|
|
|
18.00% |
18.50% |
18.50% |
19.00% |
20.00% |
|
| |
| |
| RATES FOR CDS OFFERED
BY DFCC BANK |
| |
|
Period
(Yrs) |
Face
Value |
New
Rate (Simple) |
Discounted
Value |
WHT
|
Amt.
to be paid by Depositor |
Effective
Rate to Depositor |
Effective
Rate to DFCC |
| 2 |
100,000 |
16.00% |
75,757.58 |
2,424.24 |
78,181.82 |
13.10% |
14.89% |
| 3 |
100,000 |
16.50% |
66,889.63 |
3,311.04 |
70,200.67 |
12.52% |
14.34% |
| 4 |
100,000 |
17.00% |
59,523.81 |
4,047.62 |
63,571.43 |
11.99% |
13.85% |
| 5 |
100,000 |
17.50% |
53,333.33 |
4,666.67 |
58,000.00 |
11.51% |
13.40% |
|
Debit tax will deduct Rs.
100 from each Rs. 100,000 of face value of CD at encashment
|
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| |
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