Profit rates on NSS increased by up to 150bps

MG News | June 02, 2022 at 02:11 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 02, 2022 (MLN): Amid higher policy rate and the recent increase in cut-off yields of T-Bills, the Central Directorate of National Savings (CDNS) on Thursday increased profit rates on almost all national savings schemes.

The rates would be effective from today.

As per the details, the profit rate has been increased by 36bps to 12.36% per annum on Regular Income Certificates (RICs) while the deposit rate on savings accounts jumped by 1.5% to 12.25% from 10.75%.

Moreover, special saving certificates have their profit rose by around 60bps to 13% from 12.40%.

However, the profit rate on behbood, pension and shudda family remained unchanged at 14.16%.

Copyright Mettis Link News

Related News

SECP registers 5,003 new companies in October

Pakistan sets G-24 agenda around global financial reforms

IMF board meeting expected next month

Name	Price/Vol	%Chg/NChg
KSE100	175,396.69 293.47M	1.97% 3383.20
ALLSHR	104,999.24 628.87M	1.79% 1850.27
KSE30	51,634.38 183.09M	2.01% 1015.87
KMI30	251,486.98 119.75M	2.07% 5088.79
KMIALLSHR	67,824.63 305.79M	1.78% 1185.55
BKTi	48,423.05 66.84M	2.75% 1296.55
OGTi	34,885.86 6.20M	1.41% 485.73

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,670.00	81,185.00 80,465.00	335.00 0.42%
BRENT CRUDE	95.08	95.29 93.44	0.46 0.49%
RICHARDS BAY COAL MONTHLY	126.00	126.35 125.75	-0.45 -0.36%
ROTTERDAM COAL MONTHLY	138.95	140.50 138.65	-1.25 -0.89%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	87.84	88.43 86.65	-0.28 -0.32%
SUGAR #11 WORLD	18.47	18.56 18.33	0.14 0.76%