CDNS cuts profit rates again

MG News | February 18, 2025 at 03:48 PM GMT+05:00

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February 18, 2025 (MLN): The Central Directorate of National Savings (CDNS) has once again reduced profit rates across most of its savings schemes by up to 40 basis points (bps), effective from February 14, 2025.

According to the latest revision, Regular Income Certificates (RIC), Special Savings Certificates (SSC), and Short Term Savings Certificates (STSC) have all been reduced by 14 bps, 40 bps and 40 bps, to 11.74%, 11.20% and 11.14% to 13.68%, respectively.

However, on Defence Savings Certificates (DSC), the CDNS has increased by 5 bps to 12.15%.

Meanwhile, the profit rates on Bahbood Savings Certificates (BSC), Sarwa Islamic Savings Account (SISA), Sarwa Islamic Term Account (SITA) 1 year, Pensioner Benefit Account (PBA), Savings Account (SA), Shuhada Family Welfare Account (SFWA) and Special Savings Account (SSA) stood at 13.68%, 10.44%, 10.44%, 13.68%, 11.50%, 13.68%, and 11.20%, respectively.

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