NSS: Rate of profit on defense savings increases by 34 basis points

News Image

By MG News | August 04, 2020 at 03:35 PM GMT+05:00

0:00

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.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,775.00 108,105.00
107,505.00
-460.00
-0.43%
BRENT CRUDE 66.42 66.63
66.34
-0.32
-0.48%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.77 65.02
64.67
-0.34
-0.52%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg