April 24, 2020 (MLN): Government has cut profit rates on National Savings Certificates, with new rates taking effect from April 24, 2020.
According to a notification issued in this regard, the profit rate has been cut by 1.86% to 8.54% on defense certificate, and by 1.92% to 10.32% on behbood and pension certificates.
Moreover, the profit rate has been cut by 1.6% to 7% on saving accounts, and by 3% to 8% on the special savings account.
The profit rate on regular income certificate has been cut by 2.28% to 8.28%, the notification added.
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