ISLAMABAD - In response to considerable slash in discount rate by State Bank of Pakistan, the federal government has downward revised the profit rates on National Savings Schemes for the investment made on or after 1-1-2013.
The new rates for Short Term Savings Certificates of 3 Months, 6 Months and 1 Year have been fixed at 8.85pc, 8.90pc and 8.95pc respectively. However, the profit rate of return for specialized Savings Schemes i.e. Bahbood Savings Certificates and Pensioners’ Benefit Account has also been revised and fixed at 12.72pc in order to provide safety net to specialized segment of society.
It is pertinent to mention that the investment made before the closing hours of 31-12-2012 will enjoy the previous profit rates, the statement added.