Govt raises profit rates on investment in National Savings Schemes

KARACHI: The government has raised profit rates on investment in different National Savings Schemes (NSS), ARY News reported.

According to a press release of the Directorate of National Savings, profit rates of NSS have been revised upward with effect from January 1, 2019.

Profit on Behbood Savings Certificates, Pensioner Benefit Accounts and Shuhada Family Welfare Account has been increased from 11.88 percent to 14.28 percent, with 2.4 percent spike in net profit on each of the schemes.

Profit on Defence Savings Certificates has upped from 10.03 percent to 12.47 percent, with 2.44 net profit increase.

Profit on Special Savings Certificates (Registered)/ Accounts has gone up from 8.83 percent to 11.57 percent, with 2.74 percent total increase.

Profit on Regular Income Certificates has climbed from 9.72 percent to 12 percent, with 2.28 percent net increase.

Profit on Savings Account has risen from 7 percent to 8.5 percent, with 1.5 percent net increase.

While, profit on Short Term Savings Certificates have witnessed net increase from 1.50 percent to 1.52 percent.

The post Govt raises profit rates on investment in National Savings Schemes appeared first on ARYNEWS.

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