Profit Rates For Pakistan National Savings Certificates Revised

The profit rates on Pakistan National Savings Schemes Certificates have been increased, said the Finance Ministry in a notification issued on Thursday.

According to the details, the profit rates for the Defense Savings Certificate has been increased to 9.35% from earlier 9.29% while return on the Regular Income Certificates has been revised from 8.64% to 8.76%.

Similarly, the profit rates return on the Short Term Savings Certificate with a tenor of six months has been increased from 7.14% to 7.20%.

Meanwhile, returns on the following will remain unchanged:

• Special Savings Certificates
• Special Savings Account
• Bahbood Savings Certificates
• Pensioners Benefit Account
• Shuhada Family Welfare Account
• Savings Account
• Short Term Savings Certificates (three months)
• Short Term Savings Certificates (12 months)

Read more: SBP allows banks to charge for Interbank Fund Transfers (IBFT).

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