KARACHI: National Savings Schemes mobilised Rs 73.969 billion during the first ten months of the current fiscal year, which is higher by 9.39 percent than Rs 67.651 billion mobilised during the full 2006-07 year.
The government received Rs 2.768 billion through Defence Savings Certificate, Rs 311.9 million through Regular Income Certificates, Rs 13.244 billion through Special Savings Certificates (Reg), Rs 9.508 billion through prize bonds, and Rs 48.135 billion through other instruments.
The federal government had revised upwards the rates of return on national saving schemes on June 23, 2007. The rates on Defence Savings Certificates were enhanced from 10 percent to 10.15 percent, on Special Savings Certificates/ Account from 9.17 percent to 9.25 percent, on Regular Income Certificates from 9.24 percent to 9.54 percent, on Pensioners’ Benefit Account & Bahbood Savings Certificates from 11.52 percent to 11.64 percent and on Savings Account from 6 percent to 6.50 percent.
Courtesy: Daily Times, 7/6/2008