National Savings raises profit rates by up to 74bps

Profit by Pakistan Today reported that the Central Directorate of National Savings has lifted returns across several of its savings products, with the biggest jump reaching 74bps. Special Savings Certificates and Special Savings Accounts now pay 11.82% after a 74bps increase. Regular Income Certificates were moved up 60bps to 11.76%, and Defence Savings Certificates gained 19bps to reach 11.8%.

Returns on the Behbood Savings Certificate and Pensioners Benefit Account rose by 12bps to 12.72%. Profit rates on the Sarwa Islamic Term Account also rose, with the three-year tenor up 41bps to 11.57% and the five-year tenor up 54bps to 11.7%.

Each scheme was adjusted separately, with increases ranging from 12bps to 74bps across the instruments named. The changes cover both certificates and accounts, so the revised rates apply across different types of holding.