ISLAMABAD (Web Desk) - The federal government has increased profit rates on several National Savings schemes, with the Ministry of Finance issuing a notification announcing the revised rates.
According to the notification, the profit rate on Defence Savings Certificates has been increased by 19 basis points, taking the new rate to 11.80%.
The profit rate on Behbood Savings Certificates and Pensioners’ Benefit Accounts has been increased by 12 basis points to 12.72%.
The rate for Regular Income Certificates has been raised by 60 basis points, with the new profit rate set at 11.76%.
Similarly, the profit rate on Special Savings Certificates has been increased by up to 74 basis points, taking the new rate to 11.82%.
The government has also revised profit rates for Sarwa Islamic Term Accounts. The three-year plan has received an increase of 41 basis points, bringing the rate to 11.57%.
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The five-year Sarwa Islamic Term Account plan has seen an increase of 54 basis points, with its new profit rate set at 11.70%.
The revised rates will apply to the respective National Savings schemes under the notification issued by the Ministry of Finance.