Profit rates on National Savings Schemes slashed

The government has slashed profit rates on most National Savings Schemes by 15 to 59 basis points, effective June 27, 2025, reported 24NewsHD TV channel on Thursday.

The sharpest cuts were applied to Islamic products, with both Sarwa Islamic Term Account and Sarwa Islamic Saving Account reduced by 59 basis points to 9.75%, down from 10.34%.

Profit rates on Regular Income Certificates fell by 36bps to 11.16%, while Special Savings Certificates dropped by 30bps, from 10.90% to 10.60%.

Defence Saving Certificates saw a modest cut of 15bps, with the rate reduced from 11.91% to 11.76%.

Among senior citizen-focused products, the Pensioners Benefit Account and Behbood Saving Certificate were each reduced by 24bps to 13.2%. The same 24bps reduction was applied to the Shuhada Family Welfare Account, bringing its rate to 13.2%.

Meanwhile, the standard Savings Account Rate remained unchanged at 9.5%.

These changes in profit returns come after the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) decision to keep the policy rate unchanged at 11% last month. 

Reporter Ashraf Khan