Government cuts profit rates on National Savings schemes

The government has revised downward the profit rates on several National Savings schemes, reducing returns for investors under a new official notification.

The government has revised downward the profit rates on several National Savings schemes, reducing returns for investors under a new official notification.

According to the notification, the annual profit rate on the Bahbood Savings Certificate has been reduced to 12.96%. The same annual return will also apply to the Pensioners’ Benefit Account, which is widely used by retired government employees and senior citizens seeking a stable source of income.

The Regular Income Certificate (RIC) has also seen a reduction in its monthly profit rate. Under the revised structure, the annual rate has been fixed at 11.52%. As a result, an investment of Rs100,000 in the scheme will now generate a monthly profit of Rs960.

The government has also updated the profit structure for the Special Savings Certificate (SSC). Investors will receive an annual profit rate of 11.2% during the first six months of the investment period. For the remaining six months, the profit rate will increase to 12.6%, according to the notification.

In addition, the Shuhada Family Welfare Account, a scheme introduced to support the families of martyrs, will now offer an annual profit rate of 12.96%.

National Savings schemes are considered one of the country’s most popular investment options. They are widely used by pensioners, widows, families of martyrs, and other citizens looking for secure returns on their savings.