Federal government has revised its policy regarding the returns on various national savings certificates. The changes will be effective immediately.
As per details, Bahbood Savings Certificates will now provision 11.28 % return as compared to the previous 11.52%.
RecommendedMust Read
Meanwhile, returns on Shuhada’s Family Welfare and Pensioners’ Benefit Accounts’ have also been slashed from 11.52 % to 11.04 %.
Furthermore, Special Savings Certificates will now provide an 8.8 % return as compared to the previous 9 %.
The Regular Income Certificates will now provide a return at Rs 360 for Rs 50,000 certificate and Rs720 for Rs100,000 certificate.
Lastly, Post Office Savings’ return has been fixed at 4 % and 6% for six and 12 months respectively for each of the first five periods of completed six months while the return on such accounts for the last period of completed six months has been set at 4.5 % on a half-yearly basis or 9 % per annum.
