National Savings raises profit rates

National Savings raises profit rates

ISLAMABAD: The Central Directorate of National Savings (CDNS) on Thursday raised profit rates of saving schemes.

A statement issued by the CDNS stated that all the profit rates of bearer certificates had been increased.

However, profit rates of registered saving certificates have been reduced.

As per the decision of the CDNS the profit rates have been increased as: Behbood Saving Certificates, Pensioner Benefit Accounts and Shuhda Family Welfare Account from 9.84 percent to 9.96 percent; Defence Saving Certificates from 8.05 percent to 8.11 percent; Regular Income Certificates from 7.44 percent to 7.608 percent.

The CDNS reduced the average profit rate of special saving certificates (registered)/accounts to 7.05 percent from 7.15 percent.

Similarly, short term savings certificates for 3-, 6- and 12-month have been reduced to 6.80 percent, 6.76 percent and 6.66 percent from 7.72 percent, 7.36 percent and 7.30 percent respectively.