National Savings Profit Rates 7 November 2022 | National Saving Latest Profit Rate Nov 2022

ISLAMABAD: The government on Friday November 05, 2022 decreased profit margins on few national savings schemes to bring the NSS rates in line with recent hike in the central bank’s interest rate.

Profit on Pensioners’ Benefit Account, Behbood Savings Certificates, and Shuhuda’s Family Welfare Account remained same and no change has been done in the aforementioned schemes. According to the press release issued by Central Directorate of National Savings Islamabad (CDNS) profit rate of Behbood Savings Certificate, Pensioners Benefit Account and Shudha Family Welfare Account will be Rs. 1160/- on the investment of Rs. 100,000/- which annual ratio is 13.92%.

Profit of Defense Savings Certificates also remained unchanged and it is about 12.36% while profit of Savings Account also does not changed i-e 13.50%.

Profit of Special Savings Certificates and Special Savings Account reduced by little margin and it is about 13%. Profit on Regular Income Certificates (RICs) has also been reduced from12.60% to 12.36%.

According to the notices issued to the directors of Central Directorate of National Savings (CDNS), Pakistan Post Office, and BSC (Bank) State Bank of Pakistan (SBP), the NSS rates would be implemented from November 7, 2022 until further notice.

This move could improve the domestic savings rate and inflows due to attractive returns. The National Savings Schemes rates are connected to the central bank benchmark interest rate and its subsequent impact on the long-term Pakistan Investment Bonds.

The CDNS notice said that the profit rate on Savings Accounts would now be 13.50 percent. The CDNS has instructed all regional offices that existing stock of blank Special Savings Certificates, Regular Income Certificates and Defence Saving Certificates would now be used by affixing rubber stamps with “Issue 49”, “Issue 46” and “Issue 45”, respectively, along with revised rates before issuance.

Thank You for watching this video.
Viewers can download latest rates from National Savings official website
www.savings.gov.pk

Also Like us on Facebook:   / sargodhaupdateswebsite  
Follow us on Twitter:   / sargodhaupdate1  
Also visit our website: http://www.sargodha-updates.com/

H3S Media – Sargodha Updates
www.sargodha-updates.com