Profit rates on National Saving Schemes certificates increased
Profit rate increased on most certificates
Profit rate on bank account to stay at 5.5%
New rates to return into effect from January 21
The minister of finance 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%.
The notification also stated that the profit rate has also increased on short term savings certificate. As per the new rates, the profit on the three-month certificate has increased to six .76%. The profit rate on six-month saving certificate has increased to six .82% from 6.80%. The profit rate on 12-month short-term saving certificate has increased to six .92% from 6.80%.
However, the profit rate on the bank account remains at 5.5%.
The notification issued by the finance ministry will inherit effect from January 21.
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