The National Savings Directorate has revised profit rates on several savings instruments, introducing updated returns for investors across various National Savings schemes in Pakistan.
Read More: Pakistan savings rate hits 30-year low raising economic concerns
According to a notification issued by the directorate, the profit rate for Regular Income Certificates has been fixed at 12.24%, while Special Savings Accounts will provide an average return of 12.4%. The changes are part of a periodic review aimed at aligning returns with prevailing economic and financial conditions.
The profit rate for Bahbood Savings Certificates has been maintained at 13.20%. The same return will continue to be offered on Pensioners Benefit Accounts and Welfare Accounts designed for the families of martyrs, providing stable earnings for these categories of investors.
Revised rates have also been announced for Short Term Savings Certificates. Investors opting for three-month deposits will receive a return of 11.4%, while six-month deposits will earn 11.66%. One-year deposits under the scheme will offer a profit rate of 11.77%.
Meanwhile, Sarwa Islamic Savings Accounts will provide a profit rate of 11.88% for both one-year and two-year investment periods. The notification further noted that returns on Defence Savings Certificates for tenures ranging from one year to ten years have been increased, offering improved earnings for long-term savers.
Alongside the revised profit rates, changes have also been made to taxation on savings investments. The withholding tax rate for filers remains unchanged at 15%. However, the tax rate for non-filers has been reduced from 35% to 30%, providing some relief to account holders who are not listed as active taxpayers.
The National Savings Directorate also confirmed that the Zakat deduction rate will remain unchanged at 2.5%.
Read More: Government revises profit rates on National Savings Schemes
Officials said the updated rates are intended to reflect current market trends and economic conditions while ensuring competitive returns for investors seeking secure and government-backed savings options across the country.