Qaumi Bachat Bank, also known as the Central Directorate of National Savings. Qaumi Bachat Bank lower profit rates on RICs from October 2024. The profit rate on regular income certificates has been decreased to 12.72 percent. KARACHI: The Central Directorate of National Savings, also known as Qaumi Bachat Bank, has recently lowered the profit rates … Read more
KARACHI: The rate of profit on premium prize bonds having denominations of Rs25,000 and Rs40,000 has increased to 1.86 per cent from the existing 1.79 per cent, according to the Finance Division on Wednesday. The State Bank of Pakistan (SBP) has also issued a circular to inform the change of rate to all the presidents … Read more
The government of Pakistan has increased the profit rates on its National Saving Scheme (NSS) bringing by 8.04%. According to the details, the government has previously slashed three times the profit rate. In June it fell 200 basis points. NSS is the largest investment and financial institution in Pakistan and these rate lifts would benefit … Read more
The government has revised the rates of profit on saving certificates and enhanced them to benefit current and future investors. The rate of profit on defense saving, regular income saving, special saving, and short term certificates has been increased. The Central Directorate of National Savings (CDNS), stated that the profit rate on special saving certificates … Read more
The government has put a cut on profit rates for its national savings schemes. After new rates, the profit on savings certificate is down by 50 basis points to 6.50 %. As per details, this year National Savings, the largest investment and financial institution in Pakistan due to ongoing pandemic have slashed profit rates on … Read more
