Government slashes profit rates on National Saving Schemes

News Image

By MG News | May 20, 2021 at 11:27 AM GMT+05:00

0:00

May 20, 2021 (MLN): The government has reduced profits rates on almost all National Saving Schemes with immediate effect, the Ministry of Finance said in a notification.

As per the notification, the profit on Shuhada Family Welfare Accounts and Pensioners Benefit Accounts has been slashed to 11.04% from 11.52%.

Similarly, the return on Bahbood Savings Cer­­tificates has also been redu­ced from 11.52% to 11.28% while profit on special savings certificates has been lowered from 9.2% to 9%.

Moreover, Defense Saving Certificates have their profit dropped by around 1.84% from 9.52% to 7.86%.

The annual profit on short-term savings certificates of Rs 500,000 was also reduced by Rs500 from Rs37,000 to Rs36,500.

The notification also said that the return on the regular income certificate has been set at Rs360 for the Rs50,000 certificate and Rs720 for the Rs100,000 certificate.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,635.00 108,105.00
107,505.00
-600.00
-0.55%
BRENT CRUDE 66.46 66.63
66.34
-0.28
-0.42%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.79 65.02
64.67
-0.32
-0.49%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg