National Savings increase rate of return on schemes

Good news for Pakistanis suffering from economic problems due to global coronavirus outbreak, increase in rate of return on national savings schemes.

According to a statement issued by the National Savings, the government has increased the rate of return on national savings schemes and increased the rate of return on welfare savings certificates from 9.84 percent to 9.96 percent.

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The rate of return on Defense Savings has been increased from 8.05% to 8.11% while the rate of return on Pension Benefit Account has been increased from 9.84% to 9.96%.

The statement also said that the new profit rate will take effect from today (July 2, 2020).