Govt Announces New Profit Rates for National Saving Scheme Certificates

The government has announced new profit rates on the National Saving Schemes effective from 10 May 2021, according to a notification issued by the Ministry of Finance. The profit rate on the Shuhada Welfare Account and the pensioners benefit accounts has been revised to 11.04 percent per annum. ALSO READ LHC Dismisses Petition to Delay Discontinuation of Prize Bonds The monthly profit rate on the regular income certificates has also been revised — for certificates of Rs. 100,000 denomination, the monthly profit will be Rs. 720. Additionally, for a short-term saving certificate of the denomination Rs. 100,000, the profit will be Rs. 7,300 per annum, the notification said. ALSO READ PBS Finally Releases the Complete Census 2017 Results Furthermore, the Behbood saving certificates will fetch Rs. 940 per month in profits. The profit rates on the defence saving certificates and the special saving certificates have also been changed, but no details about them have been disclosed so far.