Government raises profit rates on national saving certificates by smaller margins

MG News | July 02, 2020 at 07:20 PM GMT+05:00

0:00

July 2, 2020 (MLN): Government has raised profit rates on national saving certificates by smaller margins with effect from July 2, 2020.

As per official sources, the profit rate on behbood, pension and shuddaa has been increased by 12 basis points to 9.96 percent.

The profit rate on defense certificates has been increased by 6 bps to 8.11 percent, whereas the rate on regular income certificate has been increased by 16 bps to 7.6 percent.

Likewise, the profit rate on special savings certificate has been slashed by 10 bps to 7 percent, and the rate on savings account has been reduced by 100 bps to 5.5 percent.

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