Government revises returns on national savings certificates

On Thursday, The federal government has made adjustments to returns on several national savings certificates, citing a notification from the Ministry of Finance.

The changes to the national savings instruments will come into effect immediately, the notification said.

Shuhada’s Family Welfare and Pensioners’ Benefit Accounts' returns have been moved down to Rs11.04pc from Rs11.52 pc with effect from May 19.

The return on Bahbood Savings Cer­­tificates has been redu­ced from 11.52pc to 11.28pc, and the profit payable on Defe­nce Savings Certificates has been taken down to 7.68pc from 9.52pc.

Moreover, the return on Special Savings Certificates has been moved down from 9pc to 8.8pc.