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The government has adjusted the profit rates on national savings certificates and schemes, with revisions reaching up to 24 basis points (bps).
Profit rate have seen increments across Special Saving Certificate (SSC), Regular Income Certificate (RIC), Pensioners Benefit Account (PBA), Behbood Saving Certificate (BSC), and Shuhda Family Welfare Account (SFWA).
Conversely, there has been a decrease of 76 bps in the profit rate for Short Term Saving Certificates (STSC).
Rates of profit on Defence Savings Certificate (DSC), Saving Account (SA), Sarwa Islamic Term Account (SITA), and Sarwa Islamic Saving Account (SISA) have remained unchanged.
Read Also: Pakistan Bank profit Rates-10 Pros and cons of high profit rates
The return rate on SSC has surged by 20 bps to reach 15.8 percent, while SA’s rate stands steady at 20.5 percent, and STSC’s rate has dropped by 76 bps to 19 percent.
BSC, PBA, and SFWA have all experienced a 24 bps increase in profit rate, reaching 15.6 percent each.
DSC, SITA, and SISA maintain their rates at 14.4 percent, 18.54 percent, and 20.5 percent, respectively.