PICIC Commercial Bank Limited has declared the following rates of profit on PLS deposits for the period of six months ended on December 31, 2004.

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Type of Deposits             % p.a.

PLS Saving Bank Deposits       3.00

Short Notice Deposits:

7 days                         2.00

30 days                        2.50

Term Deposit Receipts:

1 month                        2.50

3 months                       2.75

6 months                       3.25

1 year                         3.75

2 years                        4.25

3 years                        4.75

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Copyright Business Recorder, 2005