Govt jacks up profit rates on NSS by up to 250bps

MG News | May 09, 2022 at 04:44 PM GMT+05:00

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May 09, 2022 (MLN): The government on Monday has increased profit rates on almost all National Savings Schemes (NSSs), which would be effective from May 10, 2022.

As per the details, the profit rate on behbood savings has increased by 1.44% to 14.16%.

The profit rate has been increased by 96bps to 12% per annum on Regular Income Certificates (RICs) while the rate on deposit rate on savings accounts jumped by 2.5% to 10.75%.

Moreover, special saving certificates have their profit rose by around 1.40% to 12.40%.

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