Returns on savings certificates increased

Average profit rate on SSCs increased to 17.4%, return on SAs increased 19.5%: Ministry of Finance

ISLAMABAD:

The Central Directorate of National Savings on Monday increased the profit rates on national saving schemes.

According to a notification issued by the Ministry of Finance, the average profit rate on Special Saving Certificates has been increased to 17.40% and the return on Savings Accounts has been increased from 18.5% to 19.50%.

The profit on one-year short-term Saving Certificates has been increased from 19.82 to 20.80 per cent, while that on six-month short-term Savings Certificates has been increased to 20.82 per cent.

The return on three-month short-term certificates has been increased from 19.92 to 20.84 per cent, while that on Defence Saving Certificates remained at 14.87 per cent.

The returns on Behbood Savings Certificates, Pensioners’ Benefit Accounts and Shuhada Family Welfare Accounts remained at 16% while the profit on Regular Income Certificates at 12.84%.