The federal government has announced a reduction in profit rates for various National Savings Schemes, with the new rates taking effect from July 28. According to a notification issued by the Ministry of Finance, the revised rates apply to several instruments, including Special Savings Certificates, Defence Savings Certificates, Regular Income Certificates, Bahbood Savings Certificates, Pensioners’ Benefit Accounts, and Shuhada Family Welfare Accounts.
Under the new changes, the annual profit rate on Special Savings Certificates has been lowered from 10.6% to 10.4%. Similarly, the profit rates for Bahbood Savings Certificates, Pensioners’ Benefit Accounts, and Shuhada Family Welfare Accounts have been reduced from 13.20% to 12.96%. These adjustments aim to align returns with current economic conditions.
The government has also revised rates for Defence Savings Certificates, decreasing the nine-year return from 162% to 161%. Additionally, the tenth-year profit has been cut from 204% to 200%. Short-Term Savings Certificates have also seen a reduction, while the 9.50% rate on regular Savings Accounts remains unchanged.
In contrast, profit rates on Sharia-compliant investment options have been increased. Sarwa Islamic Term Accounts and Islamic Savings Accounts will now offer higher returns, providing relief to investors seeking Islamic financial products. The move reflects the government’s effort to balance conventional and Islamic savings instruments amid shifting economic policies.