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Government revises returns on national savings certificates

bySidra Butt
May 21, 2021
in Business, Finance, New
Reading Time: 1 min read
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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.

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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.

Tags: Behbood saving certificatesGovernment of PakistanMinistry of financeSaving CertificatesShuhada Family Welfare
Sidra Butt

Sidra Butt

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