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    Home»Finance»Rates of Profit on National Savings Schemes Increased

    Rates of Profit on National Savings Schemes Increased

    AbdullahBy AbdullahMay 8, 2023No Comments1 Min Read
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    The government has increased the profit rates on many national savings certificates and schemes by up to 100 basis points.

    Profit rates on Special Savings Certificates (SSC), Savings Accounts (SA), and Short Term Savings Certificates (STSC) have been increased.

    Rates of profit on National Savings Schemes have been revised upwards

    SSC: 17.40%, +27bps
    SA: 19.50%, +100bps
    STSC: 20.80%, +98bps

    Rates of other schemes remained unchanged@savingsgovpk @StateBank_Pak @FinMinistryPak#Pakistan #Economy #AHL pic.twitter.com/ZYi5Hkh7c1

    — Arif Habib Limited (@ArifHabibLtd) May 8, 2023

    The rate of return on SSC has risen by 27 basis points to 17.40 percent, the rate of return on SA has risen by 100 basis points to 19.50 percent, and the rate of return on STSC has risen by 98 percent.

    The rates of return on Defense Saving Certificates (DSC), Bahbood Savings Certificates (BSC), Regular Income Certificates (RIC), and Pensioner’s Benefit Amount (PBA) have not changed.

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    Abdullah

    Abdullah is an experienced educator and content creator at WikiTechLibrary, dedicated to helping students excel in their academic journeys. With a strong background in education, he writes about the latest education news, exam results, and study materials to support learners. His passion lies in simplifying complex topics and providing practical resources that empower students to achieve their goals.

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