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Govt ups profit rates on savings schemes

Profit rates on savings schemes raised - Newspaper

ISLAMABAD: The Central Directorate of National Saving (CDNS) on Thursday slightly increased profit rates on a three savings instruments with immediate effect. According to a notification, the return on 10-year defence savings certificates has been increased by 0.06 percentage points to 9.35pc from existing rate of 9.29pc. Likewise, the return on five-year regular income certificates was jacked up by 0.12 percentage points to 8.76pc from existing rate of 8.64pc. Similarly, the rate of return on six-month savings certificates has been enhanced by 0.06 percentage points to 7.20pc instead of 7.14pc. On the other hand, return on all other products including Special Saving Certificates (SSC), Short-Term Saving Certificates (STSC), Saving Accounts, Pension Behbood Accounts, Special Savings Accounts and Shuhada Family Welfare Accounts would remain unchanged.

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