Pakistan raises National Savings profit rates, regular income certificates reach 12.12%
Revised rates take effect October 21, offering higher returns on special savings, Behbood, short-term and Islamic savings schemes
Business Desk
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Pakistan has increased profit rates on several National Savings schemes, raising returns on Special Savings Certificates to 12% and Regular Income Certificates to 12.12%, according to revised rates issued by the Central Directorate of National Savings (CDNS).
The new rates took effect on October 21 and cover conventional, welfare-oriented and Islamic savings products.
The profit rate on Special Savings Certificates increased by 40 basis points to 12% for the first five profit payments, while the sixth and final payment carries a rate of 12.80%.
Regular Income Certificates saw an increase of 36 basis points to 12.12%, up from 11.76%.
How have National Savings profit rates changed?
National Savings has raised returns across several investment products, including certificates designed to provide regular income and short-term savings options. Behbood Savings Certificates now offer 12.96%, while the Sarwa Islamic Savings Account pays an expected 11.84%. Short-term certificate rates range from 11.12% to 11.72%, depending on maturity.
The rate on Behbood Savings Certificates rose by 24 basis points from 12.72% to 12.96%. The revised rate also applies to Pensioners' Benefit Accounts and Shuhada Family Welfare Accounts.
The expected profit rate on the Sarwa Islamic Savings Account increased by 51 basis points from 11.33% to 11.84%.
Short-term savings certificates offer higher returns
Profit rates on Short-Term Savings Certificates have also increased across different maturities.
The rate on three-month certificates rose by 32 basis points to 11.12%, while the six-month rate increased by 42 basis points to 11.50%.
For one-year certificates, the profit rate increased by 41 basis points to 11.72%.
The rate on ordinary Savings Accounts remained unchanged at 10%.
National Savings schemes provide investment options for individuals seeking returns on their savings, including products designed for general investors, senior citizens and other eligible groups.
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