National Savings schemes’ profits slashed by around 1.22 per cent

ISLAMABAD: The National Savings Organisation on Friday revealed a decrease in profit rates for its different savings schemes, with reductions varying from 0.03 per cent to 1.22 per cent.

The profit rate for the Sarwa Islamic Term Account has been reduced by 1.22 per cent, now standing at 16.36 per cent.

Short-term Savings Certificates have seen a decrease of 0.68 per cent, bringing the profit rate down to 17.2 per cent.

The Sarwa Islamic Savings Account has also been cut by 1 per cent, with the current rate at 18 per cent.

Both Special Savings Certificates and Special Savings Accounts have had their rates lowered by 0.3 per cent, resulting in new rates of 15.5 per cent.

Additionally, the Regular Income Certificate now offers a profit rate of 14.52 per cent, reflecting a reduction of 12 basis points.

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