NSS: Rate of profit on defense savings increases by 34 basis points
MG News | August 04, 2020 at 03:35 PM GMT+05:00
August 4, 2020 (MLN): The rate on National Saving Schemes (NSS) has been increased in the range of 12 to 36 basis points.
The rate of profit on defense savings increased by 34 basis points. The New rate on defense savings stood at 8.44 percent.
Likewise, the rate on pension, behbood and shuada family up by 36 bps to 10.32%.
Similarly, profit rate on regular income certificate amplified by 12 bps to 7.80%.
On the contrary, the rate of profit on special savings declined by 20 bps to 6.80 percent. While the profit rate on saving accounts remained unchanged at 5.50 percent.
Meanwhile, it is pertinent to note that the government had recently raised profit rates on national saving certificates but by a smaller margins.
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