Government Raises Profit Rates on National Savings Schemes

The government has increased profit rates on several national savings schemes, including those designed for pensioners, senior citizens and families of martyrs, according to the revised schedule issued by the Central Directorate of National Savings (CDNS).

The revised rates will increase returns for investors across multiple savings products, including Behbood Savings Certificates, Pensioners’ Benefit Accounts, Regular Income Certificates and Defence Savings Certificates.

Profit Rates Increased for Pensioners and Senior Citizens

The profit rate on Behbood Savings Certificates, Pensioners’ Benefit Accounts and Shuhada’s Family Welfare Accounts has increased to 12.96% from 12.72%.

As a result, the monthly profit on an investment of Rs100,000 will rise to Rs1,080 from Rs1,060, providing an additional Rs20 per month.

Regular Income Certificates Offer Higher Returns

The government has raised the profit rate on Regular Income Certificates to 12.12% from 11.76%.

Under the revised schedule, investors holding Rs100,000 in these certificates will receive a monthly profit of Rs1,010, compared with the previous return of Rs980.

Special Savings Certificates See Revised Rates

The profit rate on Special Savings Certificates has increased to 12% from 11.6% for the first five profit payments.

Investors will receive Rs6,000 every six months on an investment of Rs100,000. The sixth and final profit payment will amount to Rs6,400, calculated at a rate of 12.8%.

Defence Savings Certificates Offer Higher Cumulative Returns

The government has also increased cumulative returns on Defence Savings Certificates across different maturity periods.

The cumulative return on six-year certificates has risen to 88% from 86%, while the seven-year return has increased to 113% from 109%.

Similarly, the return on eight-year certificates has increased to 142% from 136%, while the nine-year return has risen to 176% from 168%. For certificates held over 10 years, the cumulative return has increased to 215% from 205%.

Short-Term Savings Certificates Also Get Rate Hike

Profit rates on Short Term Savings Certificates have also been revised upwards. The rate on three-month certificates has increased to 11.12% from 10.80%, while rates for longer maturities have reached up to 11.72%.

The revised schedule covers several savings products offered through the national savings system, providing investors with updated returns across different investment periods.