National Saving Schemes profit rates increased by federal government

National Saving Schemes profit rates increased by federal government

Karachi: The government on Wednesday has issued revised profit rates forNational Saving Schemes certificates according to which profit rates onvarious saving schemes have been increased.

According to an official notification, the profit rate on Special SavingsCertificate has increased from 7.79% to 8.40%, while the Behbood SavingsCertificates profit rate has increased to 11.28% from 10.32%.

The profit rate has also been increased on Pensioners Benefit Accounts to11.28% from 10.32%.

Moreover, the return rate on regular income certificate maintained at 9%.

With more than seven million investors, National Savings is the most activefinancial institution in Pakistan with over Rs3.4 trillion deposits.