The Central Directorate of National Savings (CDNA) in Islamabad has recently implemented adjustments to the interest rates across various National Savings schemes, resulting in a reduction of up to 16 percent.
Notably, special savings certificates experienced a decrease of 160 base points or 16.40%, while the interest rate on defense savings certificates remains unchanged.
Specifically, the Regular Income Certificate saw a reduction of 96 basis points, leading to a new profit rate of 15.12%.
Additionally, Behbood Income Certificates and Shuhuda’s Family Welfare Account each underwent a decrease of 24 basis points, resulting in profit rates of 16.08% for both.
This modification in the interest rates became effective as of December 19. It is noteworthy that these changes followed the announcement of the Monetary Policy, which, despite the alterations in the savings scheme rates, has been kept unchanged.
