The federal government has revised upward profit rates on National Savings Schemes for the investment made on or after August 1. The instant revision was made in the backdrop of current market scenario and in accordance with the government's policy to provide market based competitive rate of return to the investors of National Savings, said a statement issued here by the CDNS.
As per notification issued by the federal government the new rates for Special Savings Certificates (R)/ Account, Regular Income Certificate, Defence Savings Certificates and Savings Accounts have been fixed at 7.63pc, 08.52pc,09.15pc and 04.75pc respectively.
The new rates for short-term Savings Certificates of three months, six months and one year have been fixed at 6.56pc, 6.60pc and 6.65pc respectively.
However, the profit rate of return for specialised Savings Schemes like Bahbood Savings Certificates and Pensioners' Benefit Account has also been revised and fixed at 11.04pc in order to provide safety net to specialised segment of society, the CDNS said.
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