The federal government has revised profit rates on national savings schemes, increasing returns on several certificates by up to 70 basis points while reducing the savings account rate by 100 basis points.
According to Express News, the Central Directorate of National Savings (CDNS) has implemented these changes following the State Bank of Pakistan's (SBP) Monetary Policy Committee (MPC) decision to maintain the policy rate at 12%.
CDNS officials confirmed that the Short-Term Savings Certificate (STSC) rate has been raised by 15 basis points (bps), increasing from 10.81% to 10.96%.
The Defence Savings Certificate (DSC) now offers 12.15%, up by one basis point. Meanwhile, the Pensioners' Benefit Account, Bahbood Savings Certificate, and Shuhada Family Welfare Account have seen a 10 bps increase, taking the rate to 13.68%.
For Sarwa Islamic Term Account (SITA) and Sarwa Islamic Savings Account (SISA), the return has risen by 70 bps, from 9.74% to 10.44%.
On the other hand, the savings account return has been cut by 100 basis points, dropping from 11.5% to 10.5%.
These adjustments are aimed at aligning national savings returns with economic policies while managing liquidity in the financial sector.
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