National Savings in Pakistan recently announced revisions to the profit rates of its national savings schemes. The adjustments include increases of up to 24 basis points (bps) across various certificates and schemes.
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Among the notable changes, the Special Saving Certificate (SSC) and Regular Income Certificate (RIC) witnessed an increase in profit rates. SSC’s rate rose by 20 bps to 15.8%, while RIC’s rate remained steady at 20.5%. However, the Savings Accounts (SA) rate remained unchanged at 20.5%, while the Short Term Savings Certificate (STSC) experienced a decrease of 76 bps to 19%.
Furthermore, the profit rate for Bonds Saving Certificates (BSC), Pensioner Benefit Account (PBA), and Shuhada Family Welfare Account (SFWA) has been revised to 15.6%, reflecting a 24 bps increase. Meanwhile, Defence Saving Certificate (DSC), Special Savings Account (SITA), and Special Savings Account (SISA) maintained their rates at 14.4%, 18.54%, and 20.5% respectively.