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Govt revises upwards profit rates on national savings schemes

Islamabad: The Ministry of Finance on Thursday revised upwards profit rate on National Savings Schemes.

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Govt revises upwards profit rates on national savings schemes
Govt revises upwards profit rates on national savings schemes

As per details, the rate of interest on ten year Defense Savings Certificates has been increased from 9.29pc to 9.35pc. Similarly, the rate of return on regular income savings certificates has been raised from 8.64pc to 8.76pc.

The rate of return on six-month short-term savings certificates has been increased from 7.14pc to 7.20pc.

There are no changes on Special Savings Certificates and Savings Accounts will maintain interest rates.

Behbood, pensioners and martyr family certificates rates has also been kept unchanged.

All Pakistani Nationals as well as Foreign Nationals can purchase certificates being a single adult, a minor or two adults jointly where the payments can be received either by the both jointly (Joint-A) or any one of the holders (Joint-B).

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