Govt increases profit rates on National Savings Schemes

The rates of profit on the Defence Savings Certificate (DSC), Saving Account (SA), Sarwa Islamic Term Account (SITA), and Sarwa Islamic Saving Account (SISA) have been kept unchanged at 14.4 percent, 18.54 percent, and 20.5 percent, respectively.

With a 20bps rise, Special Savings Certificate (SSC) rates are now 15.80 percent instead of 15.6 percent. The return on Regular Income Certificates (RIC) will now be 14.76 percent, as opposed to 14.64 percent previously. The rate of return on SA has been kept at 20.5 percent while the profit rate on STSC has been decreased by by 76 bps to 19 percent.