National Savings Schemes Sees Increase In Profit Rates

National Savings Schemes sees increase in profit rates

The government of Pakistan has increased the profit rates on the National Savings

 

Karachi: On Wednesday March 3, 2021, the government issued revised profit rates for national savings system certificates, according to which profit rates were raised in various savings programs.

According to the details revealed by the sources, the rate of return of the Defense Savings Certificates went from 9.42% to 9.51%, while the rate of return of the Special Savings Certificates (SSC) went from 7.97% to 8.40%.

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Profit rates for Behbood Savings Certificates, Welfare, Pensioners, and Shuhda Family Retirement Accounts will remain unchanged at 11.28%.

Furthermore, the rate of return on the ordinary income certificate remained at 9%.Similarly, the profit would not be applicable for Saving Accounts.

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With over seven million investors, National Savings is the most active financial institution in Pakistan with over Rs 3.4 trillion in deposits.

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