According to a notification issued by the finance ministry, the new profit rates that will effective from the 7th of May. The revised profit rates on Regular Income Certificates reduced to 9.24 percent from 9.36 percent. Further, the rate of profit on Special Savings Certificates reduced to 8.75 per cent from 8.87 percent.
The profit rate on the six-month short-term certificates reduced down to 7.20 per cent from 7.30 per cent. However, the rate of profit on Behbood Savings Certificates, Shuhada Family Welfare Account, Pensioners’ Benefit Account and Defence Saving Certificates will remain the same.
On March 25, the Ministry of Finance notified an increase in profit rates on various National Savings Schemes. According to notification, the revised profit rates will be applicable from March 25. The profit rate on Pensioners Benefit Account increased to 11.52 per cent from 11.28pc. However, the Shuhada Welfare Account would fetch 11.52pc returns instead of 11.28pc.
The profit rate on Special Savings Certificates would be 8.80pc instead of 8.40pc.