The government has increased the profit rate on several national savingscertificates and schemes by 48 to 100 basis points.
It has revised the profit rate upwards to absorb the benefit of a boost inits income from Pakistan Investment Bonds (PIBs).
The rate of return on Regular Income Certificates (RICs) has gone up by 84basis points to 11.04 percent. The Bahbood Savings Certificates’ (BSC) rateof interest went up by 48 basis points to 12.72 percent, and the profitrate on Defense Saving Certificates (DSC) has been increased by 60 basispoints to 10.92 percent.*Certificate* *Current* *Previous* *Change (BPS)*Defense Saving Certificates (DSC) 10.92% 10.32% 60Bahbood Savings Certificates (BSC) 12.72% 12.24% 48Regular Income Certificates (RIC) 11.04% 10.20% 84Special Savings Certificates (SSC) 11.00% 10.00% 100
Read Top Stories
Other miscellaneous updates on profit rates suggest that the rate of returnon Savings Accounts (SA) has remained unchanged at 8.25 percent, while therate of return on Pensioners Benefit Account (PBA) has been increased by 48basis points from 12.24 percent to 12.72 percent.
