THE profit rates on National Saving Certificates have been reduced from 0.5 per cent to 1.9 percent on different schemes, reported a private TV channel on Tuesday.
According to Central Directorate of National Savings, the profit rate on Special Saving Certificate is now 11.62 per cent; profit rate on Revenue Income Certificate 12 per cent. Rate on Pension and Behbood Certificates went down to 14.16 from 16.10 per cent. Profit rate on Saving Certificate was brought down to 8.5 from 9 per cent. The profit rate on Defence Saving Certificate was not reduced.
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