Govt revises profit rates for National Saving Schemes certificates

January 21, 2021: The government has issued revised profit rates for National Saving Schemes certificates, which will be put into effect from January 21, 2020.

According to a notification issued on Thursday, the profit on the Defence Saving Certificate has been revised from 8.49% to 9.42%.

For Special Saving Certificates, the profit rate has been increased to 7.8%, whereas for Regular Income Certificates, it has increased from 8.04% to 9%. Moreover, the profit rate for Behbood Savings Certificates has increased from 10.32% to 11.28%.

The profit rate for both, Pensioners Benefit Accounts and Shuhada Family Welfare Account, has been increased from 10.32% to 11.28%, each.

It was further notified that the profit rate for short term savings certificate, i.e. 3-month, 6-month and 12-month certificates, has increased to 6.76%, 6.82%, and 6.92%, respectively.

However, the profit rate on the savings account remains at 5.5%.

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Posted on: 2021-01-21T14:21:00+05:00

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