National Savings Revises Profit Rates for Saving Schemes

National Savings has released the updated profit rates under the National Savings Schemes (NSS) on July 2.

The profit rates were revised upwards for eight different schemes under the NSS.

The Updated Rates

• The profit rate was increased to 10.20% from 10.08% for Behbood Savings Certificates.
• Pensioner Benefit Accounts also witnessed the same increase from 10.08% to 10.20%.
• Shuhad Family Welfare Account saw an increase of 0.12% from 10.08% to the updated figure of 10.20%.
• Defense Savings Certificates’ profit rate was increased to 8.30% from the previous rate of 8.10%.
• The profit rate for Special Savings Certificates/Accounts (Registered) was increased to an average 7.10% from 6.80%.
• Regular Income Certificates recorded an increase of 0.408% to stand at 8.04% up from 7.632%.
• Savings Account’s profit rate was increased to 5% from the previous value of 4.50%.
• The Short-Term Savings Certificates also saw an increase for its 3, 6, and 12-month schemes.
  • The profit for the 3-month scheme was increased to 6.40% up from 5.92%.
  • 6-month scheme’s profit saw an increase of 0.42% to stand at 6.04%%.
  • For the 12-month scheme, the profit rate was updated to 6.56% from 6.25%.

Here is an overview of all the update profit rates and their increases respectively.

Sr. No.	Scheme	Previous Rate	Updated Rate	Increase
1	Behbood Savings Certificates	10.08%	10.20%	0.12%
2	Pensioner Benefit Accounts	10.08%	10.20	0.12%
3	Shuhad Family Welfare Account	10.08%	10.20%	0.12%
4	Defense Savings Certificates	8.10%	8.30%	0.20%
5	Special Savings Certificates (Registered)/Accounts	6.80% (Average)	7.10% (Average)	0.30%
6	Regular Income Certificates	7.632%	08.04%	0.408%
7	Savings Account	4.50%	5.00%	0.50%
8A	Short-Term Savings Certificates 3-Month	5.92%	6.40%	0.48%
8B	Short-Term Savings Certificates 6-Month	6.04%	6.46%	0.42%
8C	Short-Term Savings Certificates 1-year	6.25%	6.56%	0.31%