Daily Times
June 18, 2021
The Ministry of Finance has revised profit rates on various National Savings’ schemes. According to a notification issued on Thursday, the new profit rates will be applicable immediately. The profit rate on 10-year Defence Savings Certificate has been fixed at 9.35 percent, Regular Income Certificate at 8.76 percent, and 6-month Short-Term Savings Certificate at 7.20 percent. Whereas, the profit rate on Pensioners Benefit Account, Shuhada Welfare Account, Special Savings Certificates, Behbood Savings Certificate and saving accounts will remain unchanged, the notification said. Earlier in May, the government made adjustments to returns on almost all national savings instruments with immediate effect. According to notification issued by the Ministry of Finance, the return on Shuhada’s Family Welfare Accounts and Pensioners’ Benefit Accounts had been reduced from 11.52pc to Rs11.04pc with effect from May 19, 2021. Likewise, the profit payable on Bahbood
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The rate of return on savings accounts remains unchanged at 5.5pc. Reuters/File
ISLAMABAD: The government on Thursday revised upward profit rates on all national saving schemes and accounts of the Central Directorate of National Savings. The new rates will be applicable to deposits and investment with effect from January 21.
According to several notifications issued by the finance ministry, profit on Defence Savings Certificate has been increased by 0.93 percentage points to 9.42pc from 8.49pc. The DSC rate had been steadily on the rise since July 1, 2018 and it peaked to 13.01pc in October 2019.
The rate of return on Behbood Savings Certificate has been increased by 0.96 percentage points to 11.28pc from 10.32pc. On May 1, 2018, the BSC rate was 10.08pc that reached 14.76pc in October 2019.