Latest news with #RegularIncomeCertificates
Business Recorder
29-07-2025
- Business
- Business Recorder
National Saving Schemes: CDNS reduces rates of return
The Central Directorate of National Savings (CDNS) has reduced the rates of return on a number of its National Savings Schemes (NSS) with effect from July 28, 2025, it was learnt on Tuesday. The rate of Short Term Savings Certificate (STSA) reduced by 26 basis points (bps) to 10.14%, brokerage house Arif Habib Limited (AHL) reported. Similarly, Regular Income Certificates (RIC) will offer a 10.68% return, as compared to 11.16% earlier, a drop of 48bps. The Defence Saving Certificates (DSC) will offer a return of 11.61%, after a decline of 15bps from 11.76%. The return on Bahbood Savings Certificates (BSC) declined by 24bps to 12.96% from 13.20%. National Saving Schemes: CDNS lowers rates of return Meanwhile, the rates of Pensioners Benefit Account (PBA) and Shuhda Family Welfare Account (SFWA) also lowered by 24bps each, to 12.96% each. Special Savings Certificate (SSC) and Special Savings Account (SSA) will now offer a return of 10.4% each, amid a drop of 20bps each. On the other hand, the rates of Serwa Islamic Saving Account (SISA) and Serwa Islamic Term Account (SITA) were up by 19bps each, to 9.94% each. The National Savings Organisation is Pakistan's largest financial institution, managing a portfolio exceeding Rs3.4 trillion and serving over 4 million customers through a network of 376 branches across the country, administered by 12 Regional Directorates. The CDNS helps the government finance budgetary deficits and support critical infrastructure projects.
Express Tribune
02-07-2025
- Business
- Express Tribune
Govt cuts profit rates for National Savings Schemes
Listen to article The federal government has further reduced the profit rates on National Savings Schemes. According to the Central Directorate of National Savings (CDNS), profit rate on Defence Saving Certificates has been decreased by 15 basis points (bps), from 11.91 per cent to 11.76 per cent. The profit rate on Special Saving Certificates has been significantly reduced by 30bps, bringing it down from 10.90 per cent to 10.60 per cent. For Islamic Saving Account, the profit rate has been reduced by 59bps, setting the current rate at 9.75 per cent. The profit on the Shuhada Family Welfare Account has been reduced by 24bps, and the profit on Regular Income Certificates has also been reduced by 20bps. National Savings Profit Rates — Topline Securities (@toplinesec) July 2, 2025 Earlier in May, the CDNS had reduced rates of return on several National Savings Schemes, with cuts up to 100bps. The Savings Account rate dropped by 100bps to 9.5 per cent from 10.50 per cent, according to Topline Securities. Defence Saving Certificates returns fell by 21bps to 11.91 per cent from 12.12 per cent, while Bahbood Savings Certificates declined by 24bps to 13.44 per cent from 13.68 per cent. Rates for Pensioners Benefit Account and Shuhda Family Welfare Account were also lowered by 24bps each, now standing at 13.44 per cent. Similarly, Regular Income Certificates returns decreased by 18bps to 11.52 per cent from 11.70 per cent.
Express Tribune
30-01-2025
- Business
- Express Tribune
Govt revises profit rates on National Savings schemes, pensioners' certificates
Listen to article The government has reduced the profit rates on national savings schemes by up to two percent following the State Bank's recent interest rate cut. However, profit rates on Special Saving Certificates, Accounts, Serva Islamic Term Accounts, and Serva Islamic Savings Accounts remain unchanged. According to a notification issued by the Central Directorate of National Savings (CDNS) on Thursday, the profit rate on Regular Income Certificates has been reduced from 12% to 11.88% annually. The notification also stated that the profit rate on Behbood Savings Certificates has been decreased from 13.92% to 13.68% annually. Similarly, the profit rate on Pensioners' Certificates has been cut from 13.92% to 13.68% annually. In addition, the profit rate for Shaheed Families Welfare Accounts has been reduced from 13.92% to 13.68% annually. The rates for short-term certificates have also been adjusted, with the three-month certificate profit falling from 3,190 PKR per 100,000 to 2,810 PKR per 100,000. For six-month short-term certificates, the profit rate has been reduced from 6,370 PKR per 100,000 to 5,660 PKR, while the one-year short-term certificates have seen a reduction from 12,380 PKR to 11,380 PKR per 100,000. The notification further revealed that the profit rate on savings accounts has been decreased from 13.50% to 11.50% annually. However, the rates for Serva Islamic Term Accounts and Serva Islamic Savings Accounts remain unchanged. This decision reflects the ongoing adjustments in financial policies following the central bank's monetary policy review.
