ISLAMABAD (Kashmir English): The Central Directorate of National Savings (CDNS) has revised profit rates on various national savings schemes, effective from November 4.
As per the official notification, the revision has adjusted returns across both conventional and Islamic instruments in line with the prevailing market and monetary conditions.
According to the details, the profit rate on Defence Savings Certificates was revised downward by 11 basis points (bps) to 11.31%, compared to 11.42% earlier.
The return on Bahbood Savings Certificates (BSC) declined by 24bps to 12.72% from 12.96%.
Similarly, the rates of Pensioners Benefit Account (PBA) and Shuhada Family Welfare Account (SFWA) were also lowered by 24bps each, to 12.72% each.
In contrast, the profit rate on Regular Income Certificates was revised upward by 12 bps to 10.92%, compared to 10.80% earlier.
The rates for Special Savings Certificates (SSC) and Special Savings Accounts (SSA) have also been raised by 20 basis points, now offering 10.60% per annum for a 3-year tenure.
For shorter durations, Short Term Savings Certificates (STSC) will yield 10.44% per annum for three months, 10.30% per annum for six months, and 10.64% per annum for twelve months.
The Savings Account continues to offer 9.50% per annum on a running account basis.
In the Islamic segment, the Sarwa Islamic Savings Account (SISA) provides a return of 9.92% per annum on a running basis.
The Sarwa Islamic Term Account (SITA) offers 9.92% per annum for one year (unchanged from the previous rate), 10.30% per annum for three years, and 10.56% per annum for five years.
Additionally, the Premium Prize Bonds (Registered) carry a return of 2.92% per annum with bi-annual profit distribution.
The revision reflects CDNS’s regular review of profit rates to align returns on national savings schemes with market dynamics, policy rates, and overall economic trends.
