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Profit Rates on National Savings Schemes Revised Upwards

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Legal Editorial Desk
Profit Rates on National Savings Schemes Revised Upwards
The rate of return on National Savings Schemes has been increased. According to the notification issued by the Ministry of Finance, the rate of interest on 10-year Defense Savings Certificates has been increased from 9.29 percent to 9.35 percent. The rate of return on regular income savings certificates has been increased from 8.64 percent to 8.76 percent. ALSO READ Banks Can Now Charge Fee on Interbank Funds Transfers Above Rs. 25,000 The rate of return on six-month short-term savings certificates has been increased from 7.14 percent to 7.20 percent. Meanwhile, the rate of return on Special Savings Certificates, and Savings Accounts will remain the same. Behbood, pensioners, and martyr family certificate rates have also been kept unchanged.
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