The National Savings Directorate has announced a revision in profit rates for several savings schemes across Pakistan, reflecting updated returns in line with prevailing financial conditions.
According to an official notification received today, the profit rate on Regular Income Certificates has been fixed at 12.24 percent, while Special Savings Accounts will now yield an average return of 12.40 percent.
Returns under Bahbood Savings Certificates have been maintained at 13.20 percent. The same rate will continue for Pensioners Benefit Accounts and Welfare Accounts designed for families of martyrs.
For Short Term Savings Certificates, revised rates have been set at 11.40 percent for three-month deposits, 11.66 percent for six-month deposits, and 11.77 percent for one-year deposits.
Under Sarwa Islamic Savings Accounts, the profit rate has been set at 11.88 percent for both one-year and two-year tenures. The profit structure for Defence Savings Certificates, ranging from one to ten years, has also been adjusted upward, according to the notification.
In a separate adjustment, withholding tax for filers on National Savings accounts remains unchanged at 15 percent, while the rate for non-filers has been reduced from 35 percent to 30 percent. Zakat deduction will continue at 2.5 percent.
Officials said the revised structure is intended to better align returns with current market and economic conditions.