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Profit rates enhanced on saving certificates

Muhammad UsmanMultimedia Journalist

29th Aug, 2020. 01:19 am
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The government has revised the rates of profit on saving certificates and enhanced them to benefit current and future investors. The rate of profit on defense saving, regular income saving, special saving, and short term certificates has been increased.

The Central Directorate of National Savings (CDNS), stated that the profit rate on special saving certificates had been raised to 7.77 percent from 6.87 percent. On Defence Saving Certificates, the new rate is 8.49% which was previously 8.44%. The profit rate on regular income saving certificates enhanced to 8.04 percent from 7.8 percent and on Pension and Shuhada Welfare certificates the rate of profit has been retained.

The three-month Short Term certificates now carry a profit rate of 6.66% which was previously 6.12%. The six-month certificates now have a profit rate of 6.80 percent from 6.14% and nine moth certificates a profit rate of 6.8% from 6.2%.

The new rates have been enforced from Friday 28th August.

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