ISLAMABAD: The government has increased profit rates on various National Savings schemes by 36 to 110 basis points, raising returns for investors, with the Special Savings Certificate offering 12% and the Regular Income Certificate 12.12% annually.
According to the revised rates, the profit rate on the Special Savings Certificate has been increased by 110 basis points to 12%, while the rate on the Regular Income Certificate has risen by 96 basis points to 12.12%.
The profit rate on the Behbood Savings Certificate has been raised by 36 basis points to 12.96%, while the rate on the Sarwa Islamic Account has increased by 59 basis points to 11.84%.
Short-term investors will also receive higher returns under the revised rates. The profit rate on the three-month Short-Term Savings Certificate has increased by 26 basis points to 11.12%, while the rate on the six-month certificate has risen by 64 basis points to 11.50%.
Similarly, the profit rate on the one-year Short-Term Savings Certificate has been increased by 44 basis points to 11.72%.
The increase is aimed at encouraging domestic savings and providing investors with improved returns through government-backed savings instruments.
The revised rates offer different returns depending on the scheme selected, the investment amount and the applicable payment terms. The announced percentages represent annual profit rates, not monthly returns.
Tags: National Savings, Pakistan, profit rates, savings schemes, Special Savings Certificate, Regular Income Certificate, Behbood Savings Certificate, Sarwa Islamic Account, Short-Term Savings Certificate, investment, personal finance, interest rates, government savings schemes