The government has increased the profit rates of the National SavingsSchemes (NSS).
The rate of profit on Bahbood Savings Certificates (BSC) has been increasedby 1.44% to 14.16%, and the profit rate on Special Savings Certificates(SSC) has been increased by 1.40% to 12.40%. Similarly, the Regular IncomeCertificates’ (RIC) profit rate has increased by 0.96% to 12%, and theSavings Account (SA) has gone up by 2.50% to 10.75%.
The annual profit on Short-Term Savings Certificates (STSC) increased from10.40 to 13.75%, and the rate of return on Defense Savings Certificates(DSC) has been significantly increased on an annual basis, with a profitrate of 8% in the first year and a rate of 222% in the tenth year.
Moreover, Shuhada’s Family Welfare Account (SFWA) holders will get a 14.16%profit instead of 12.72%. The benefit for Pensioners’ Benefit Account (PBA)holders has increased from 12.72% to 14.6%.
Read Top Stories
The withholding tax rate for the filer on the profits earned is 15% and 30%for the non-filer.
