Govt Slashes Profit Rates on National Savings Schemes

The Directorate of National Savings has announced a downward revision in profit rates across multiple National Savings Schemes (NSS), with reductions of up to 100 basis points, effective from May 21, 2025. The steepest cut was applied to the Savings Account (SA), where the return was lowered by 100 basis points, from 10.5 percent to 9.5 percent. Other adjustments include: Special Savings Certificates (SSC) and Special Savings Accounts (SSA): Down by 30 basis points to 10.90 percent. Regular Income Certificates (RIC): Reduced by 18 basis points to 11.52 percent. Defence Savings Certificates (DSC): Declined by 21 basis points to 11.91 percent. Bahbood Savings Certificates (BSC), Pensioner Benefit Account (PBA), and Shuhada Family Welfare Account (SFWA): All decreased by 24 basis points to 13.44 percent. Sarwa Islamic Term Account (SITA): Dropped from 10.44 percent to 10.34 percent. This move follows the State Bank of Pakistan’s recent decision to cut its policy rate by 100 basis points to 11 percent, aiming to lower borrowing costs and spur economic activity.