CDNS revises profit rate on Regular Income Certificates
KARACHI (Kashmir English): The Central Directorate of National Savings (CDNS) has once again reduced the profit rate on Regular Income Certificates (RICs) following the State Bank of Pakistan (SBP)’s revision of the interest rate. Introduced in 1993 by the government, the Regular Income Certificates act as a fixed-income investment with a five-year maturity period. […]
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