Profit on all saving schemes raised.

ISLAMABAD -- The government on Thursday revised upward profit rates on all national saving schemes and accounts of the Central Directorate of National Savings. The new rates will be applicable to deposits and investment with effect from January 21.

According to several notifications issued by the finance ministry, profit on Defence Savings Certificate has been increased by 0.93 percentage points to 9.42pc from 8.49pc. The DSC rate had been steadily on the rise since July 1, 2018 and it peaked to 13.01pc in October 2019.

The rate of return on Behbood Savings Certificate has been increased by 0.96 percentage points to 11.28pc from 10.32pc. On May 1, 2018, the BSC rate was 10.08pc that reached 14.76pc in October 2019.

The profit on Regular Income Certificates has been increased by 0.96 percentage points to 9pc from 8.04pc. The RIC rate was 7.632pc on May 1, 2018 and it reached 12.96pc on July 1, 2019.

The rate of return on Special Savings Certificate has been increased by 0.2 percentage points to 7.80pc from 7.60pc.

The profit rate on Pensioners Benefit Accounts has been raised by 0.96 percentage...