National Savings Latest Profit Rates for June 2024

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21st Jun, 2024. 07:09 pm
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National Savings Latest Profit Rates for June 2024

Many Pakistanis in Islamabad invest in CDNS for its safety and consistent returns.
National Savings holds a substantial portfolio of Rs 3.2 trillion.
The Directorate introduced two new products: Sarawa Islamic Savings Schemes.

In Islamabad, numerous Pakistanis opt for Central Directorate of National Savings (CDNS) investments because of the schemes’ safety, consistent returns, and range of products designed for various needs, including special offers for seniors and disadvantaged individuals.

National Savings is a key avenue for savings in the country, primarily through government securities, boasting a substantial portfolio of Rs 3.2 trillion. This constitutes approximately 14 percent of the nation’s total banking deposits and caters to around 3 million customers.

CDNS strives to offer a financial safety net to the public, with a focus on senior citizens, pensioners, widows, differently-abled individuals, and families of martyrs in the fight against terrorism. This is achieved through a diverse range of National Savings Schemes (NSS) tailored to meet the diverse needs of customers.

The Directorate recently introduced two new products: the Sarawa Islamic Savings Schemes, which offer Shariah-compliant options, and the Digital Savings Schemes. These new additions have attracted a combined net investment of Rs 78.0 billion.

National Savings Scheme Profit Rates 2024

National Savings Latest Profit Rates for June 2024

S.No	Name of Scheme	w.e.f. 10-04-2023	w.e.f. 24-03-2024	Maturity Period	Tax Status
1	Defence Savings Certificates	14.87%	13.36%	10 Years	Taxable
2	Special Savings Certificates/Accounts	17.13% (Average)	15.93% (Average)	3 Years	Taxable
3	Regular Income Certificates	12.84%	14.76%	5 Years	Taxable
4	Savings Account	18.50%	20.50%	Running Account	Taxable
5	Pensioners’ Benefit Account	16.56%	15.60%	10 Years	Tax exempt
6	Bahbood Savings Certificates	16.56%	15.60%	10 Years	Tax exempt
7	Shuhada Family Welfare Account	16.56%	15.60%	10 Years	Tax exempt
8	National Prize Bonds (Bearer)	10.00%	10.00%	Perpetual	Taxable
9	Premium Prize Bonds (Registered)	12.92%**	16.40%*	Perpetual	Taxable
10	Short Term Savings Certificates (STSC)
	STSC 3 Months	19.92%	19.40%	3 Months	Taxable
	STSC 6 Months	19.64%	19.38%	6 Months	Taxable
	STSC 12 Months	19.82%	19.00%	12 Months	Taxable
11	SARWA Islamic Savings Schemes
	SISA	–	20.50%	Running Account	Taxable
	SITA 1 Year	–	18.54%	1 Year	Taxable
	SITA 3 Year	–	15.25%	3 Year	Taxable
	SITA 5 Year	–	14.76%	5 Year	Taxable