The Central Directorate of National Savings (CDNS) has reduced profit rates on National Savings Schemes by up to 200 basis points, with the new rates coming into effect from January 31, 2024.Â
According to the revised rates, profits on Bahbood Savings Certificates (BSC) and Pensioner Benefit Accounts (PBA) have been lowered from 13.92% to 13.68%.Â
Returns on Regular Income Certificates (RIC) have been reduced from 12% to 11.88%, while Shuhada Family Welfare Accounts (SFWA) now offer 13.68%, down from 13.92%.
The most significant cut has been in savings accounts, where the profit rate has dropped from 13.5% to 11.5%.Â
However, profit rates remain unchanged for Special Savings Certificates (SSC), Sarwa Islamic Savings Account (SISA), and Sarwa Islamic Term Account (SITA).
