National Savings Schemes Profit Rates Increased

The profit rates on National Savings Schemes (aka Qaumi Bachat Bank) have been increased on various investment certificates by up to 24 bps.

According to the details, the profit rates have increased for long-term savings certificates like the Special Savings Certificate (SSC), Regular Income Certificate (RIC), Pensioners Benefit Account (PBA), Behbood Savings Certificate (BSC), and Shuhadas Family Welfare Account (SFWA).

However, the profit rates for Short Term Savings Certificates (STSC) have been reduced by 76 bps and profit rates for Defence Savings Certificate (DSC), Saving Account (SA), Sarwa Islamic Term Account (SITA) and Sarwa Islamic Saving Account (SISA) remain unchanged.

Rates of profit on National Savings Schemes have been revised

RIC: 14.76%, +12bps
BSC: 15.60%, +24bps
PBA: 15.60%, +24bps
SFWA: 15.60%, +24bps
SSC: 15.80%, +20bps
STSC: 19.00%, -76bps

Rates of other schemes remained unchanged@savingsgovpk @StateBank_Pak @Financegovpk… pic.twitter.com/Mg6okKgNkb
— Arif Habib Limited (@ArifHabibLtd) March 22, 2024

Latest National Savings Schemes Profit Rates

Savings Certificate	Current Profit Rate	Previous Profit Rate	Change (bps)
Defense Savings Certificate (DSC)	14.40%	14.40%	0
Bahbood Savings Certificate (BSC)	15.60%	15.40%	+24
Regular Income Certificates (RIC)	14.76%	14.60%	+12
Special Savings Certificates (SSC)	15.80%	15.60%	+20
Savings Account (SA)	20.50%	20.50%	0
Pensioner Benefit Account (PBA)	15.60%	15.40%	+24
Shuhadas Family Welfare Account (SFWA)	15.60%	15.40%	+24
Short Term Savings Certificates (STSC)	19.00%	19.80%	-76