Govt revises profit rates on National Savings schemes

Govt also announces changes to short-term savings instruments, with new rates coming into effect from Nov 4

The federal government has revised the profit rates on various national savings schemes, with the new rates coming into effect from November 4, according to a notification issued by the Ministry of Finance.

Under the updated structure, the profit rate on Special Savings Certificates has been increased to 11.60%, while Regular Income Certificates will now yield 10.92%.

The government has also announced changes to short-term savings instruments, with three-month Special Savings Certificates set at 10.44% and the one-year certificate now offering 10.64%.

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However, not all schemes received an upward revision. The profit rate on Defence Savings Certificates has been reduced, while the return on Behbood Savings Certificates has been brought down from 13.44% to 12.72%. The same revised rate of 12.72% will apply to Pensioners’ Benefit Accounts.

The Shaheed Family Welfare Account has seen a slight decrease of 0.72%, though the Saving Account rate remains unchanged at 9.50%.

Meanwhile, for Sirfah Islamic Term Accounts, the profit rates for three-year and five-year terms have been increased, while the one-year Sirfah Islamic Term Account will continue at 9.92%. No changes have been made to the Sirfah Islamic Savings Account.

Officials said the revisions reflect a broader review of returns offered under national savings instruments and will apply to fresh deposits made from November 4 onward.