Government cuts profit rate of NSS

MG News | February 04, 2022 at 02:59 PM GMT+05:00

0:00

February 4, 2022 (MLN): The government on Thursday has revised the profit rates on National Savings Schemes certificates with effect from February 4, 2022.

According to the notification issued by Finance Division, the profit rate has been cut by 72 basis points (bps) to 12.24% per annum on behbood and pension certificates while the rate on defence saving certificates declined from 11.12% to 10.4%.

Likewise, the profit rate on regular income certificates has been dropped by 48bps to 10.32%.

On the other hand, the profit rate on the saving accounts has moved up by 1% to 8.25% per annum.

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