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HomeEconomyProfit rates on NSS raise by up to 2.4%

Profit rates on NSS raise by up to 2.4%

December 9, 2021 (MLN): Following the hike in the policy rate, the government on Thursday, increased profits rates on all national savings schemes by up to 2.4%, which would be effective from December 12, 2021.

As per the details, the profit rate on pension and behbood accounts has been increased by 1.92% to 12.96%.

Similarly, the deposit rate on savings accounts has been raised by 1.75% to 7.25%.

The return on regular income certificates has also been increased by 2.04% to 10.8%, while profit on defense savings certificates has been raised to 10.98%, i.e., up by 1.6%.

Moreover, special saving certificates have their profit rose by around 2.4% to 10.6%.

Copyright Mettis Link News

Posted on: 2021-12-09T18:28:20+05:00

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