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The government has adjusted the profit rates for national savings certificates and schemes by up to 100 basis points (bps).
Profit rates have increased for Regular Income Certificates (RIC), Savings Accounts (SA), and Short Term Savings Certificates (STSC).
Read more : The government is considering taxing bonus shares and undistributed profits.
Conversely, profit rates for Special Savings Certificates (SSC), Behbood Savings Certificates (BSC), and Pensioners Benefit Account (PBA) have been decreased.
The rate of return on RIC has risen by 96 bps to 16.1 percent, SA’s rate of return has been boosted by 100 bps to 20.5 percent, and the profit rate for STSC has surged by 100 bps to 21.8 percent.
In contrast, profit rates for BSC and PBA have decreased by 24 bps to 16.3 percent each, while the rate of return for SSC has been reduced by 20 bps to 18 percent.
There have been no changes in the profit rates for Defense Saving Certificates (DSC).
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