The government has modified the profit rates on various national savings certificates and schemes, with adjustments of up to 100 basis points (bps). Notably, there have been upward revisions in the profit rates for Regular Income Certificates (RIC), Savings Accounts (SA), and Short Term Savings Certificates (STSC).

In this move, the rates of profit on Special Savings Certificates (SSC), Behbood Savings Certificates (BSC), and Pensioners Benefit Account (PBA) have experienced a downward revision.

The return on Regular Income Certificates (RIC) has risen by 96 bps to reach 16.1 percent, Savings Accounts (SA) now yield a higher return of 20.5 percent after an increase of 100 bps, and the profit rate on Short Term Savings Certificates (STSC) has surged by 100 bps to 21.8 percent.

Conversely, the profit rate on Behbood Savings Certificates (BSC) and Pensioners Benefit Account (PBA) has decreased by 24 bps to 16.3 percent each, while the return on Special Savings Certificates (SSC) has been adjusted downwards by 20 bps to 18 percent.

It’s important to note that there have been no alterations to the rates of return on Defense Saving Certificates (DSC).