National Savings schemes profit rates slashed by government

ISLAMABAD: The government has cut the profit rates on National Savings schemes, effective from November 01, 2019.

The profit rate on Defence Saving Certificates has been cut by 2.33 percent to 10.68, Pension Behbood by 2.28 percent, regular certificate by 2.04, Special saving certificate by 1.70 and saving accounts cut by 2.05 percent.

Previous profit rate on Defence Savings Certificates was 13.9 percent, Behbood Savings Certificates 14.76, Regular and Special Certificates 12.96, Special Savings 12.70, Pensioner Benefit Accounts 14.76 and Shuhada Family Welfare Account profit rate was 14.76 percent.