National savings slashes profit rates by up to 2.83%

MG News | January 26, 2024 at 11:20 AM GMT+05:00

0:00

January 26, 2024 (MLN): The National Savings has announced a revision in the savings account profit rate, whereby the rates have been slashed by up to 2.83%.

The new profit rates are effective from January 26, 2024.

Investment Type	Current Profit Rate	Previous Profit Rate	Change (bps)
Bahbood Savings Certificates	16.08%	16.08%	0
Defence Savings Certificates	14.1%	14.41%	-31
Special Savings Certificates	16.00%	16.40%	-40
Regular Income Certificates	15.00%	15.12%	-12
Short Term Savings Certificates	20.34%	20.80%	-46
Savings Account	20.50%	20.50%	0
Pensioner Benefit Account	16.08%	16.08%	0
Shuhada Family Welfare Account	16.08%	16.08%	0
Sarwa Islamic Savings Account (SISA)	20.5%	20.5%	0
Sarwa Islamic Term Account (SITA) 1 year	18.54%	21.37%	-283
Sarwa Islamic Term Account (SITA) 3 year	15.40%	18.00%	-260
Sarwa Islamic Term Account (SITA) 5 year	15.00%	15.66%	-66

Rates per annum

The latest profit rates for Special Savings Certificates as well as Special Savings Accounts are 16.00% for the first five profits and 16.60% for the sixth profit.

Similarly, the rates for Short Term Savings Certificates are 20.28% for 3 months, 20.3% for 6 months, and 20.34% for 1 year.

Copyright Mettis Link News

Related News

Breakup of trade data in November: PBS

TPL Corp seals Jazz International deal for Insurance subsidiary

Current account posts $100m surplus in November

Name	Price/Vol	%Chg/NChg
KSE100	172,379.99 126.25M	0.24% 419.34
ALLSHR	104,002.77 384.11M	0.33% 343.49
KSE30	52,734.88 55.09M	0.34% 177.36
KMI30	246,270.89 51.76M	0.51% 1247.01
KMIALLSHR	67,439.26 212.38M	0.56% 374.90
BKTi	47,654.55 20.31M	0.13% 64.20
OGTi	33,811.24 3.75M	0.97% 323.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,170.00	88,450.00 85,135.00	3350.00 3.95%
BRENT CRUDE	59.60	59.82 59.46	-0.22 -0.37%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.25 2.54%
ROTTERDAM COAL MONTHLY	97.50	97.50 97.50	0.75 0.78%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	55.80	55.99 55.65	-0.20 -0.36%
SUGAR #11 WORLD	14.47	14.80 14.38	-0.29 -1.96%