National Savings Schemes Interest Rates Reduced

The Central Directorate of National Savings (CDNS) has implemented a reduction in the interest rates across all National Savings Schemes of up to 16 percent.

The adjustment includes a significant cut of 160 basis points (16.40%) on special savings certificates, while the interest rate on defense savings certificates remains unchanged.

With a decrease of 96 basis points on Regular Income Certificates and 24 basis points on Behbood Income Certificates and Shuhuda’s Family Welfare Account each, investors can now expect profits of 15.12%, 16.08%, and 16.08%, respectively.

New NSS rates effective from 19 December 2023 pic.twitter.com/5q0SjPSTg6

— National Savings (@savingsgovpk) December 20, 2023

These changes are set to take effect from December 19. The decision to revise the rates of the savings schemes follows the recent announcement of the Monetary Policy, which has been maintained without alterations.