ISLAMABAD: In a nighttime development on Tuesday, the National Directorate of National Savings (CDNS) reduced profit rates in all national savings schemes. The new rates will be applicable to deposits and investments made from November 1.
The benefit rate on the Defense Savings Certificate was reduced by 2.33 percentage points to 10.68pc, while the rate of the Behbood Savings Certificates and the Pensioners' Benefits Account was reduced by 2.28pps to 12.48pc.
The regular certificate rate was reduced by 2.04pps to 10.92pc, the Special Savings Certificate at 1.70pps to 11pc, while earnings in Savings Accounts were reduced by 2.05pc to 8.20pc
Rates have been revised downward due to the decrease in secondary market returns on Pakistan's long-term investment bonds and treasury bills.
Posted in Dawn, November 6, 2019
Source: https://www.dawn.com/news/1515203/national-savings-profit-rates-slashed