Home TechFederal government changes profit rate on savings schemes

Federal government changes profit rate on savings schemes

by Hammad khalil
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Islamabad:

The federal government has changed the profit rate on national savings schemes, which has maintained the profit rate on savings accounts, while the profit rate on all other savings schemes has decreased, but the profit rate has been increased on the Sarava Islamic term accounts and service Islamic savings accounts.

The National Savings Department has issued a notification for a change rate, according to which a new rate of profit on national savings schemes will be applicable from July 28.

According to the notification, the profit rate on special savings accounts and defense savings certificates has come down by 10.4 %.

According to the notification, the profit rate on the regular income certificate is 10.68 %, well saving certificate and the profit rate on pensioner profit accounts is 12.96 %, the three -month short -term saving certificate is 10.32 %, 10.32 %, 6 months.

Similarly, the profit rate on a -year short -short -covigation certificate has been reduced by 10.14 %, while the profit rate on savings accounts has been maintained up to 9.35 %.

The federal government has increased the profit rate by 9.94 percent in a period of one year of Islamic period accounts, the profit rate of the Islamic period has increased to 10.30 percent on a three -year period, the profit rate on the accounts of the Islamic period of 5 -Sarva Islamic accounts have increased at 10.80 percent and 9.94 percent on the Islamic period accounts.



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