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Baner Club > Blog > Ecnomics > New profit rates on special savings certificates are announced by National Savings.
EcnomicsPakistan

New profit rates on special savings certificates are announced by National Savings.

New rates will be applicable for the next three-year term of the investment scheme

Last updated: 2024/07/12 at 3:13 PM
Published July 12, 2024
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With effect from July 2024, National Savings, formerly Qaumi Bachat Bank, has updated the profit rates on its Special Savings Certificates.

The investment scheme is a well-liked product for small and medium-sized investors, and the revised rates will be in effect for the remaining three years of that term.

The revised policy states that the profit rate will be 15.7% annually for the first five months. The rate for the sixth and last month of the six-month profit period is 16.6% annually.

Additionally, the government has made clearer the Special Savings Certificate tax deduction guidelines. Profits will be withheld by a 15% withholding tax for investors who are active taxpayers.

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admin July 12, 2024 July 12, 2024
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