ISLAMABAD – The federal government has revised profit rates on most of the national savings instruments for May 2024 amid fresh adjustments.
Bahbood Savings Certificates (BSC), Pensioner Benefit Account (PBA), and Shuhada Family Welfare Account (SFWA) saw a drop of 25 percent whereas Defence Savings Certificates (DSC), Sarwa Islamic Savings Account (SISA) Saving Account Rate (SAR) remained unchanged.
The return rate on Regular Income Certificates (RIC) moved down by 12 BPS to 14.64%, and the return rate on Special Savings Certificates (SSC) plunged by 10 basis points to around 15%.
Furthermore, the profit rate on Behbood Savings Certificates (BSC), Pensioner’s Benefits Accounts (PBA), and Shuhada Family Welfare Account (SFWA) dropped to 15.36 percent each.
The return rate on Special Tawar Savings Certificates (STSC) goes up by 24 BPS to 19.24%.
Profit Rates 2024 on National Savings Schemes
| Scheme | New Rate | Old Rate | Difference |
|---|---|---|---|
| BSC | 15.36% | 15.60% | -24bps |
| DSC | 14.39% | 14.40% | -1bps |
| SISA | 20.50% | 20.50% | 0bps |
| SITA 1-Year | 19.10% | 18.54% | +56bps |
| PBA | 15.36% | 15.60% | -24bps |
| RIC | 14.64% | 14.76% | -12bps |
| SAR | 20.50% | 20.50% | 0bps |
| SFWA | 15.36% | 15.60% | -24bps |
| SSC | 15.70% | 15.80% | -10bps |
| STSC | 19.24% | 19.00% | +24bps |
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