Govt cuts profit rates on National Saving Certificates

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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Posted on: 2020-04-24T16:13:00+05:00