The federal government has reduced the rates of profit on ‘National Savings Schemes’ effective on investment received on or after July 1st, 2009. As per the press release, issued by the Central Directorate of National Savings, the rates of profit on Special Savings Certificates (Registered)/Accounts, Regular Income Certificates, Bahbood Savings Certificates/ Pensioner’s Benefit Accounts and Savings Accounts have been cut to 11.67%, 12.00%, 14.16%, and 8.50% per annum respectively. The rate of profit on Defence Savings Certificates i.e. 12.15 per cent pa and the value & number of prizes on prize bonds remain unchanged.
Special Savings Certificates (Registered)/Accounts=11.67%
Regular Income Certificates=12.00%
Bahbood Savings Certificates/ Pensioner’s Benefit Accounts=14.16%
Source: Geo TV, The News, Daily Times
Please click the following link to see profit rates effective from July 2009