Government reduces profit rates on National Saving Schemes

By MG News | November 06, 2019 at 01:05 AM GMT+05:00

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November 6, 2019 (MLN): The Government of Pakistan has reduced the profit rates on various saving schemes.

According to a directive issued by the Central Directorate of National Savings (CDNS), profit rate on Defense Saving Certificate have been cut by 2.33% to 10.68%, rate on Pension Behbood cut by 2.28% to 12.48%, Rate on Regular certificate cut by 2.04% to 10.92%, rate on Special saving certificate cut by 1.70% to 11% and rate on saving accounts cut by 2.05% to 8.20%.

The revised rates are effective from November 01, 2019.

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