ISLAMABAD: The government has announced revisions in the profit rates of various national savings schemes, with the new rates taking effect from November 4. The changes, which will remain applicable for the next ten years, have been formally notified by the Ministry of Finance.
According to the notification, the profit rate on Special Savings Certificates has been increased to 11.60 percent, while the Regular Income Certificate will now offer 10.92 percent. The profit on Short-Term Savings Certificates has also been raised, with the three-month rate set at 10.44 percent and the one-year rate at 10.64 percent.
However, the Defense Savings Certificate has seen a notable decrease in returns. Similarly, the profit rate on Bahbood Savings Certificates has been reduced from 13.44 percent to 12.72 percent. The Pensioners’ Benefit Account will now also yield 12.72 percent.
In addition, the profit rate on the Shuhada Family Welfare Account has been lowered by 0.72 percent. The rate on the general Savings Account remains unchanged at 9.50 percent. Meanwhile, profit rates for the three-year and five-year Sarwa Islamic Term Accounts have been increased, though the one-year Sarwa Islamic Account remains at 9.92 percent. No change has been made to the Sarwa Islamic Savings Account.
According to sources, these adjustments were made in line with the country’s financial conditions and government policy to ensure balanced returns for investors.
