The National Savings Profit Rate declined

Muhammad Haris

The National Savings Profit Rate declined following a continuous fall in the cut-off yields in Pakistan Investment Bonds rates.

The rate of profit on national savings has been linked with the cut-off yields of PIBs.

The rate of profit on Special savings certificates declined by 40 bps to 16 percent effective from Jan 26, 2024.

The new rates will be effective only on fresh investments made by the depositors.MPC to Decide Monetary Policy on Jan 29

The rate of profit on regular income certificate falls by 12bps to 15 percent
The rate of profit on the Defence certificate falls by 19 bps to 14.22 percent.

The profit rate on pension, behold and shudder remained unchanged at 16.08 percent.

On the savings account rate of profit remained unchanged at 20.5%
Recently rate on special savings hiked to 18.20 percent on July 12, 2023.

The Regular income certificate saw a hike to 16.08 percent by October 30, 2023.

The rate of return on Defence at 14.87 percent and Pba, behold, and Shudda 16.56 percent recorded on April 10.

“With the expectation that inflation rate to go down in last quarter this fiscal year more cut anticipated in the rate of profit on national savings scheme”, said an analyst.