Business Desk 
Dec 10, 2024
In a bid to align savings schemes with prevailing economic conditions, the government has revised the profit rates on National Savings Schemes (NSS) which will be effective from December 10.
According to a report by Arif Habib Ltd on Monday, 250 basis points was the most significant cut which was applied to the Savings Account, reducing the profit rate from 16% to 13.5%.
On the other hand, the Regular Income Certificate registered a relatively small adjustment, with the rate dropping by 10 basis points to 12.1%.
Profit rates on the Serwa Islamic Savings Account and Serwa Islamic Term Account have been reduced by 72 basis points, bringing the returns down to 10.44%.
National savings profit rates
| Annualised | Current | Previous | Change (bps) |
| Regular Income Certificate | 12.00% | 12.10% | -10 |
| Savings Account | 13.50% | 16.00% | -250 |
| Serwa Islamic Savings Account | 10.44% | 11.16% | -72 |
| Serwa Islamic Term Account | 10.44% | 11.16% | -72 |
