Profit rates on NSS increased by up to 150bps

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

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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%.

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