National Saving Schemes’ profit rates revised

Changes have been announced in profit rates in National Saving Schemes, reported 24NewsHD TV channel.

The notification issued in this connection on Saturday said that the profit rate in defence saving certificate had been reduced from 12.96 per cent to 11.94 per cent; the profit rate in pensioners and shuhada certificate from 13.20 per cent to 12.96 per cent, while the profit rate in regular savings certificate had come down from 12.24 per cent to 11.52 per cent.

The notification further said that the profit rate in special saving certificate had been reduced from 12.6 per cent to 11.43 per cent, while the profit rate in saving certificate will remain unchanged at 10 per cent.

On the other hand, the profit rate in Sarwa five-year Islamic certificate has been increased from 11.16 per cent to 11.52 per cent; profit rate in Sarwa three-year Islamic certificate has been increased from 9.16 per cent to 11.50 per cent.  

Reporter: Waqas Azeem