Lahore, 21st January: Pakistan government has increased profit rates on its National Saving Scheme certificates.
Baaghi TV: According to a notification, the government has issued revised profit rates on Thursday for National Saving Schemes certificates.
According to the new rates, the profit on the Defence Saving Certificate has been revised to 9.42% from 8.49%. Similarly, profit on Regular Income Certificates has increased to 9% from 8.04%.
As per reports from Geo News, the profit rate on the Special Savings Certificate has increased from 7.77% to 7.97%, while the Behbood Savings Certificates profit rate has increased to 11.28% from 10.32%.
The profit rate has also been revised on Pensioners Benefit Accounts to 11.28% from 10.32%. The profit rate has also increased on the Shuhada Family Welfare Account to 11.28% from 10.32%.
Likewise, on short term saving certificates, the profit has also been increased, the notification stated. As per the new rates, the profit on the three-month certificate has increased to 6.76%.
The profit rate on six-month saving certificate has increased up to 6.82% from 6.80%. The profit rate on 12-month short-term saving certificate has increased up to 6.92% from 6.80%.
However, the profit rate on the savings account remains at 5.5%.
Reportedly, from 21st January, the notification issued by the finance ministry will come into its full effect.
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