Rates of Profit on National Savings Schemes Revised Downwards

The federal government has revised the rates of profit on National Savings Schemes.  According to data shared by Arif Habib Limited (AHL), the rates of profit on Regular Income Certificate (RIC) have been revised downward by 12 bps to 14.52 percent.  The rate of profit on Special Saving Certificates (SSC) has been cut by 30 bps to 15.50 percent. Similary, the rate on Special Saving Accounts (SSA) has been cut by 30 bps to 15.50 percent, on Short Term Savings Certificates (STSC) down 68 bps to 17.22 percent, on Sarwa Islamic Savings Account (SISA) down 100 bps to 18.00 percent and on Sarwa Islamic Term Account (SITA) down 122 bps to 16.36 percent.  The rates of other schemes have not been changed.