CDNS cuts profit rates again

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

0:00

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.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	138,597.36 256.32M	-0.05% -68.14
ALLSHR	85,286.16 608.38M	-0.48% -413.35
KSE30	42,340.81 77.13M	-0.03% -12.33
KMI30	193,554.51 76.19M	-0.83% -1627.52
KMIALLSHR	55,946.05 305.11M	-0.79% -443.10
BKTi	38,197.97 16.53M	-0.59% -225.01
OGTi	27,457.35 6.73M	-0.94% -260.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,670.00	121,165.00 117,035.00	-1620.00 -1.36%
BRENT CRUDE	69.23	70.77 69.14	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	67.54 65.93	-0.20 -0.30%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%