National Savings schemes’ profit rates increased

Business Recorder reported on October 22 that the government lifted returns on several National Savings products, following a revised schedule issued by the Central Directorate of National Savings on Wednesday. Rates for Behbood Savings Certificates, Pensioners’ Benefit Accounts and Shuhada’s Family Welfare Accounts now stand at 12.96 percent, up from 12.72 percent, taking the monthly payout on Rs100,000 to Rs1,080 from Rs1,060.

Regular Income Certificates now carry a 12.12pc rate, with monthly income of Rs1,010 per Rs100,000, compared with Rs980 earlier. Special Savings Certificates pay 12pc for the first five instalments, or Rs6,000 every six months on Rs100,000; the final instalment is Rs6,400 at 12.8pc. Defence Savings Certificates also have higher cumulative returns, reaching 215pc over 10 years, while Short Term Savings Certificate rates now range up to 11.72pc.