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.
