Home »Money and Banking » Pakistan » Profit rates of NSS revised upward
National Savings Tuesday announced to increase the profit rates of National Saving Schemes (NSS) up to 2.74 percent. According to Central Directorate of National Savings, the profit rates of National Savings Schemes (NSS) have been revised upward with effect from January 1, 2019.

As per announcement, profit rates of Behbood Savings Certificates, Pensioner Benefit Accounts and Shuhada Family Welfare Account have been increased by 2.40 percent from 11.88 percent to 14.28 percent. Rate of return on Defence Savings Certificates surged to 12.47 percent, up by 2.44 percent.

Profit on Special Savings Certificates (Registered Accounts) surged to 11.57 percent (average) up from 8.83 percent (average), showing an increase of 2.74 percent. With an increase of 2.28 percent, rate of return on Regular Income Certificates reached 12.00 percent compared to 9.72 percent previously. Profit rate of saving accounts was increased by 1.50 percent to 8.50 percent.

Rate of return on 3-Month Short Term Saving Certificates increased by 1.52 percent to 9.80 percent, on 6-Month Short Term Saving Certificates by 1.50 percent to 9.88 percent and on 9-Month Short Term Saving Certificates by 1.50 percent to 9.98 percent. Industry sources said that with current increase, rate of returns on national saving certificates reached to six year high.

Copyright Business Recorder, 2019


the author

Top
Close
Close