WhatsApp Logo Subscribe
For News Alert

News

Govt reduces profit rates on National Savings schemes

June 2, 2020 04:54 PM


Twitter Share Facebook Share WhatsApp Share

The Finance Ministry on Tuesday announced that it has reduced rate of return on Special Savings Certificates of National Savings Center Schemes has been reduced from 8.10 percent to 7.1 percent, 24NewsHd Tv Channel reported.

The Ministry of Finance has reduced the rate of return on pensions and welfare accounts by 48 basis points from 10.32 percent to 9.84 percent.

The Ministry of Finance has reduced the rate of return on Special Savings Certificates by 90 basis points.

Finance ministry has reduced the rate of return on regular income savings certificates from 8.28 percent to 7.44 percent. While the ministry also reduced rate of return on Defense Savings Certificates by 49 basis points and now it has come to 8.05 percent from 8.54 percent.

Ministry of Finance has reduced the rate of return on Savings Accounts by 50 Basis Points from 7 percent to 6.50 percent.

 

https://www.youtube.com/watch?v=3XpMCGt6uvA


Most Read

  1. Violent protests erupt at Lahore's Punjab Group of Colleges over girl's rape Violent protests erupt at Lahore's Punjab Group of Colleges over girl's rape
  2. Bangladesh JI chief supports Hasina’s trial for crimes against humanity Bangladesh JI chief supports Hasina’s trial for crimes against humanity
  3. Ramsha Khan and Ahad Raza Mir’s romantic strolls & shopping spree in London Ramsha Khan and Ahad Raza Mir’s romantic strolls & shopping spree in London
  4. Terrorists massacre 20 Pashtun workers at Duki coalmines in Balochistan Terrorists massacre 20 Pashtun workers at Duki coalmines in Balochistan
  5. Mehwish Hayat and Honey Singh tease fans with new song collaboration Mehwish Hayat and Honey Singh tease fans with new song collaboration
  6. Faiza Khan deserves to be lead alongside Wahaj in 'Sun Mere Dil', say fans Faiza Khan deserves to be lead alongside Wahaj in 'Sun Mere Dil', say fans