National Savings certificates' profit rates revised upwards

 

National Savings certificates' profit rates revised upwards

The profit rates on National Saving Schemes certificates have been revised upwards, a notification issued by the Finance Ministry  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.