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Thursday Jun 17 2021

Pakistan revises profit rates of National Savings certificates

The logo of the National Savings. — National Savings/File
The logo of the National Savings. — National Savings/File

  • Profit rates of three instruments increased.
  • Return on five others remains unchanged.
  • Profit rate of Defense Savings Certificates increases to 9.35%.

The Finance Ministry has revised the profit rates on National Savings Schemes certificates, a notification issued in this regard said Thursday.

The profit rate for the Defense Savings Certificates has been moved up from 9.29% to 9.35%, while the return on Regular Income Certificates has been increased from 8.64% to 8.76%.

Likewise, the return on Short Term Savings Certificates, which have a tenor of six months, has been increased from 7.14% to 7.20%, the notification said.

Meanwhile, the returns on Special Savings Certificates, Special Savings Account, Bahbood Savings Certificates, Pensioners Benefit Account, Shuhada Family Welfare Account, Savings Account, Short Term Savings Certificates (three months), and Short Term Savings Certificates (12 months) will remain unchanged.