The federal government has revised the profit rates on National Savings Schemes (NSS), effective January 31, 2024, according to the Central Directorate of National Savings (CDNS). The changes impact several savings instruments, including Bahbood Savings Certificates (BSC), Pensioners’ Benefit Account (PBA), Defence Savings Certificates, Special Savings Certificates (SSC), Short Term Savings Certificates, and Shuhada Family Welfare Accounts (SFWA).

The profit rates for Bahbood Savings Certificates, Pensioners’ Benefit Account, and Shuhada Family Welfare Accounts have been reduced from 13.68 percent to 13.58 percent. Similarly, the rate of return on savings accounts has been lowered from 11.2 percent to 11.00 percent.

Special Savings Certificates now offer a reduced rate of 11.00 percent, down from 11.2 percent. Additionally, the rates for Sarwa Islamic Savings Account (SISA) and Sarwa Islamic Term Account (SITA) have been decreased from 9.9 percent to 9.74 percent.

The revised rates also affect Islamic savings instruments, with both the Sarwa Islamic Savings Account and Sarwa Islamic Term Account seeing a reduction in returns.