Profit rates on nearly all National Savings Schemes have been revised downward in line with the recent interest rate cut by the State Bank of Pakistan. According to official sources, only two Shariah-compliant instruments under the National Savings portfolio have registered a marginal increase in returns, while the rest saw reductions effective immediately.
State Bank of Pakistan is maintaining a present rate of benchmark interest rate at 11%. The monetary policy announcement is scheduled on July 30, and there may be a further interest rate cut. This reduction in rates is hitting National Savings in Pakistan with all its products.
Latest National Savings Profit Rates 2025
According to Topline Securities:
- Special Savings Certificate: reduced from 10.60% to 10.40%
- Defense Savings Certificate: reduced from 11.76% to 11.61%
- Regular Income Certificate: reduced from 11.16% to 10.68%
- Pension Benefit Account, Bahbood Savings Certificate, Shuhada Family Welfare Account: reduced from 13.20% to 12.96%
Profit Rate Increased in Two Islamic Schemes
- Sarwa Islamic Term Finance: increased from 9.75% to 9.94%
- Sarwa Islamic Savings Account: increased from 9.75% to 9.94%
The drop in profit rates affects millions of investors, particularly pensioners and low-risk investors relying on fixed returns. Meanwhile, borrowers from banks are likely to benefit from the overall decrease in lending rates.
