ISLAMABAD: The Pakistani government has announced a reduction in profit rates for various National Savings schemes, effective September 25, 2024, as detailed in a notification from the Ministry of Finance.
The new rates will impact savings accounts, special savings accounts, and defense savings schemes, all of which will see a decline in profit rates. Additionally, regular income certificates and welfare savings certificates will offer lower returns than before.
Specifically, the profit for pensioners and martyr family welfare accounts will decrease from 15.36% to 14.16%. Welfare savings certificates will now provide an annual profit of 14.16%, while the profit rate for regular income certificates has dropped from 14.52% to 12.72%.
