The government has changed the CDNS savings certificates’ profit rates. Some schemes will now give more profit, while others will give less.
The federal government has announced new profit rates on National Savings schemes, starting from November 4. The new rates will apply to all fresh deposits, according to the Ministry of Finance.
New Profit Rates
People who invest in Special Savings Certificates will now get 11.60% profit, while Regular Income Certificates will give 10.92%.
For short-term savings, the three-month certificate will offer 10.44%, and the one-year certificate will give 10.64%.
However, not every scheme will pay more. The Defence Savings Certificates and Behbood Savings Certificates will now give less profit. The Behbood rate has gone down from 13.44% to 12.72%. The same new rate of 12.72% will also apply to pensioners’ benefit accounts.
The Shaheed Family Welfare Account profit has been reduced by 0.72%, but the savings account will stay the same at 9.50%.
Islamic Accounts
The government has also changed some rates for Sirfah Islamic Term accounts. The three-year and five-year options will now give more profit, while the one-year account will stay at 9.92%. The Sirfah Islamic Savings account rates have not changed.
Officials said these changes in CDNS savings certificates profit rates are part of the regular review of national savings.
