Revised Profit Rates on National Savings Schemes effective from 7th May 2021

Revised New Profit Rates on National Saving Schemes

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.

1- Notification of Revised Profit Rates on National Saving Schemes

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
A d v e r t i s e m e n t

Revised Profit Rates on National Saving Schemes | National Saving Schemes | New Profit Rates | Effective from 7th May 2021 |

Vinkmag ad

Admin

Read Previous

Schedule of Prize Bonds Draw from January 2021 to December 2021

Read Next

Customs field formations to remain open on 8th, 10th & 11th May

Leave a Reply

Your email address will not be published. Required fields are marked *

Share it !