ISLAMABAD: The profit rates on National Savings Schemes have been increased by 36 to 110 basis points, ARY News reported.
The profit rate on Special Savings Certificates jumped to 12 percent following an uptick of 110 basis points. Similarly, the rate on Regular Income Certificates climbed to 12.12 percent after an increase of 96 basis points.
Additionally, the profit rate on Behbood Savings Certificates reached 12.96 percent after a 36-basis-point raise. Furthermore, the rate on the Sarwa Islamic Savings Account increased by 59 basis points to 11.84 percent.
Meanwhile, short-term investment rates also saw an upward revision: the return on three-month certificates rose to 11.12 percent (up by 26 basis points), six-month certificates increased to 11.50 percent (up by 64 basis points), and one-year certificates reached 11.72 percent following an increase of 44 basis points.