Profit rates on national saving certificates slashed in Pakistan

The Pakistani government on Friday slashed profit rates on the national savings certificates.

According to a notification, profit rate on the Bahbood Saving Certificates has been decreased from 14.16 percent to 13.92 percent.

Profit rate on the Regular Income Certificates has been decreased from 12.72 percent to 12.12 percent. Special Saving Certificates profit rate has been decreased from 15.20 percent to 13 percent.

According to the notification, profit rate on the Pensioners Account has been decreased from 14.2 percent to 13.92 percent. Profit rate on the Shuhada Accounts has been slashed from 14.16 percent to 13.9 percent.  

Profit rate on the Sarwa Islamic Saving Certificate has been decreased from 14.25 percent to 11.16 percent.

The new profit rates will be effective from November 4, 2024.