Pakistan government raises profit rates on multiple National Savings schemes

The Pakistani government has increased profit rates on several National Savings schemes. These revised rates will take effect on 21 October.

Regular Savings Accounts will maintain a profit rate of 10 percent. Special Savings Certificates will see a rise from 11.6 percent to 12 percent.

The profit rate for Regular Income Certificates will climb from 11.76 percent to 12.12 percent. Behbood Savings Certificates, Pensioners’ Benefit Accounts, and Shuhada Family Welfare Accounts will all move from 12.72 percent to 12.96 percent.

Short Term Savings Certificates will increase from 10.80 percent to 11.12 percent. Sarwa Islamic Term Accounts will see a profit rate rise from 11.33 percent to 11.84 percent.

Defence Savings Certificates will undergo significant adjustments across various terms. The six-year certificates will rise from 86 percent to 88 percent, while the seven-year certificates will move from 109 percent to 113 percent.

Rates for eight-year certificates will increase from 136 percent to 142 percent, and nine-year certificates will rise from 168 percent to 176 percent. Finally, the 10-year Defence Savings Certificates will see a profit rate jump from 205 percent to 215 percent.