The new registered Premium Prize Bonds of Rs 40,000 and Rs 25000 were registered by SBP and en-cashed only by the registered financial institution under the SBP.
The rate of return on Defense Savings Certificates, Behbood, Shuhada family and Pensioners Certificates and Savings Accounts and Short Term Certificates for one year will remain the same.
He said CDNS has opened new avenues for public and private investment to document the country’s economy and ensure transparency in the financial system.
New registered Premium Prize Bonds of Rs 40,000 and Rs 25000 were registered by SBP and en-cashed only by the registered financial institution under the SBP, he said.
New registered Premium Prize Bonds of Rs 40,000 and Rs 25000 were registered by SBP and en-cashed only by the registered financial institution under the SBP, he said.
He said that the federal government had recently suspended the prize bonds of Rs25,000 and had given a six-month deadline to investors to en-cash their savings of Rs188 billion.
A notification issued by the Finance Ministry said that the rate of return on Defense Savings Certificates has been increased from 8.49 percent to 9.42pc while the rate of return on Regular Income Certificates has been increased from 8.04pc to 9pc.