Returns on national saving instruments revised

Islamabad: The Ministry of Finance has issued a notification revising the profit rates on all national saving certificates with immediate effect, according to news sources.

Read: Govt withdraws PKR 7,500 prize bonds from circulation with immediate effect

The said notification issued by the Ministry of Finance made the following adjustments to the national saving certificates:

• The returns on Shuhada’s Family Welfare Accounts and Pensioners’ Benefit Accounts have been slashed from 11.52% to 11.04% on the return – effective from May 19, 2021
• The profit rates on Bahbood Savings Certificates have also been decreased to 11.28% from 11.52%
• The profit payable on Special Savings Certificates has jumped from 8.8% to 9%
• The returns for the Defense Savings Certificates returns have been decreased to 7.68% from 9.52%

Read: Govt raises profit rates on saving certificates to encourage investments

• The profit payable on Post Office Savings accounts for the first five periods of completed six months is set at 4% for half year and 8% annually. The profit rate for the last period of completed six months for the same accounts is 4.5% per half year and 9% per annum
• The returns on the regular income certificate have been decided at PKR 720 on PKR 100,000 certificate and PKR 360 on PKR 50,000 certificate.