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.
Profit rates on National Saving Schemes certificates increased
Pakistan
Profit rate on savings account to remain at 5.5%
New rates to come into effect from January 21
The Finance Minister on Thursday issued a revised list of profit rates on various National Saving Schemes certificates.
According to the new rates, the profit on the Defence Saving Certificate has been revised to 9.42% from 8.49%. Likewise, profit on Regular Income Certificates has increased to 9% from 8.04%.
The profit rate on the Special Savings Certificate has increased from 7.77% to 7.97%, while the Behbood Savings Certificates profit rate has increased to 11.28% from 10.32%.
The profit rate has also been increased on Pensioners Benefit Accounts to 11.28% from 10.32%. The profit rate has also increased on the Shuhada Family Welfare Account to 11.28% from 10.32%.
Government increases profit rates on National Saving Schemes certificates
By
Profit rate on savings account to remain at 5.5%
New rates to come into effect from January 21
The government on Thursday issued revised profit rates for National Saving Schemes certificates, according to a notification.
According to the new rates, the profit on the Defence Saving Certificate has been revised to 9.42% from 8.49%. Likewise, profit on Regular Income Certificates has increased to 9% from 8.04%.
The profit rate on the Special Savings Certificate has increased from 7.77% to 7.97%, while the Behbood Savings Certificates profit rate has increased to 11.28% from 10.32%.
The profit rate has also been increased on Pensioners Benefit Accounts to 11.28% from 10.32%. The profit rate has also increased on the Shuhada Family Welfare Account to 11.28% from 10.32%.