ISLAMABAD: Profit rates on National Savings Schemes have been increased by between 36 and 110 basis points, with several certificates and accounts now offering higher returns.
Higher returns on Special and Regular Income Certificates
The profit rate on Special Savings Certificates rose to 12 percent after an uptick of 110 basis points. Regular Income Certificates climbed to 12.12 percent following an increase of 96 basis points.
Behbood Savings Certificates reached 12.96 percent after a 36-basis-point raise. The Sarwa Islamic Savings Account rose by 59 basis points to 11.84 percent.
Short-term certificate rates also revised upward
Short-term investment rates were also revised upward. The return on three-month certificates rose to 11.12 percent, up 26 basis points, while six-month certificates increased to 11.50 percent, a rise of 64 basis points.
One-year certificates reached 11.72 percent after an increase of 44 basis points.
