The Government has increased the Profit Rates on several National Savings Schemes by up to 150bps. The increase in the profit rates has been announced for Regular Income Certificates (RIC), Special Savings Certificates (SSC), and Savings Accounts (SA).
According to the details, the profit rate on Regular Income Certificates (RIC) have been increased by 36bps from 12.00% to 12.36%, while profit rate on Special Savings Certificates (SSC) have been increased by 60bps from 12.40% to the new rate of 13.00%.
Meanwhile, the profit rate for Savings Account (SA) has seen an uptick of 150bps from 10.75% to new rate of 12.25%. However, the profit rates on other schemes like Bahbood Savings Certificates (BSCs), Shuhada Family Welfare Accounts (SFWAs), and Defense Saving Certificates (DSC) will remain unchanged at 14.16%.
National Savings Profit Rates
|National Savings Schemes||Current Profit Rate||Previous Profit Rate||Change (bps)|
|Regular Income Certificates (RIC)||12.36%||12.00%||36|
|Special Savings Certificates (SSC)||13.00%||12.40%||60|
|Savings Accounts (SA)||12.25%||10.75%||150|
Read more: Dollar Rate in Pakistan (Daily Updates).