• The government has adjusted profit rates for various national savings certificates and schemes.
• Increases of up to 24 basis points (bps) were seen in profit rates for SSC, RIC, PBA, BSC, and SFWA.
• SSC’s profit rate increased by 20 bps to 15.8 percent, while SA stayed at 20.5 percent.

The government has recently made adjustments to the profit rates across various national savings certificates and schemes, with changes ranging up to 24 basis points (bps).

Profit rates have seen increases 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, there has been a reduction of 76 bps in the profit rate for Short Term Saving Certificates (STSC).

It’s noteworthy that rates for the Defence Savings Certificate (DSC), Saving Account (SA), Sarwa Islamic Term Account (SITA), and Sarwa Islamic Saving Account (SISA) remain unchanged.

Specifically, the profit rate for SSC has risen by 20 bps to reach 15.8 percent, while SA maintains its rate at 20.5 percent. Conversely, the profit rate for STSC has decreased by 76 bps, now standing at 19 percent.

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For BSC, PBA, and SFWA, profit rates have been raised by 24 bps, reaching 15.6 percent each.

Meanwhile, DSC, SITA, and SISA retain their existing rates at 14.4 percent, 18.54 percent, and 20.5 percent, respectively.