Profit rate on Pakistan national saving schemes cut by 1.5% from 1-Apr-09 8


LAHORE: The government on Tuesday decided to lower the profit rates on various national saving schemes by 1.5 percent, a private TV channel reported on Tuesday.slashed from 14.53 percent to 13.20 percent. The rates on five-year maturity regular income certificates have been cut to 13.60 percent from the previous 15 percent, while the saving account rate has been decreased by one percent to 9 percent.

The channel said new rates would be effective from today (Wednesday). The revised rate on most of the schemes has been

The summary approved by the Finance Ministry has been forwarded to the National Directorate of Savings for implementation.

Behbood Saving Certificates & Pensioners benefits

Old rate= 16.80%

New rate= 16.10%

Defense Saving Certificates

Old & New=  

Special Saving Certificates & Accounts

Old rate= 14%

New rate= 13.20%

Regular income Certificates

Old= 15%

New= 13.60%

Saving Accounts

None checking

Old= 10%

New=9%

Checking

Old=9.5%

New=8%

 


Leave a Reply

8 thoughts on “Profit rate on Pakistan national saving schemes cut by 1.5% from 1-Apr-09