The government has recently made adjustments to the profit rates of various national savings certificates and schemes, with alterations ranging up to 24 basis points (bps).
Profit rates have been increased for the Special Saving Certificate (SSC), Regular Income Certificate (RIC), Pensioners Benefit Account (PBA), Behbood Saving Certificate (BSC), and Shuhada Family Welfare Account (SFWA).
Conversely, the profit rate for short-term Saving Certificates (STSC) has been decreased by 76 bps. It's worth noting that the rates for the Defence Savings Certificate (DSC), Saving Account (SA), Sarwa Islamic Term Account (SITA), and Sarwa Islamic Saving Account (SISA) remain unchanged.
The profit rate for SSC has gone up by 20 bps to 15.8 percent, while SA stays the same at 20.5 percent. On the other hand, the profit rate for STSC has dropped by 76 bps to 19 percent.
For BSC, PBA, and SFWA, profit rates have increased by 24 bps to 15.6 percent each.
Meanwhile, DSC, SITA, and SISA remain unchanged at their current rates of 14.4 percent, 18.54 percent, and 20.5 percent, respectively.
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