Islamabad – The federal government has reviewed the profit rates on most national savings instruments for the month of May 2024.
A decrease of 25 basis points was observed in Behbood Saving Certificates (BSC), Pensioner Benefit Account (PBA), and Shuhada Family Welfare Account (SFWA),
while the rates for Defence Saving Certificates (DSC), Shariah-compliant Islamic Saving Account (SISA), and Savings Account remained unchanged.
The return rate on Regular Income Certificates (RIC) decreased to 14.64% from less than 12 basis points, and the return rate on Special Saving Certificates (SSC) increased to approximately 15% from a decrease of 10 basis points.
Furthermore, the profit rates on Behbood Saving Certificates (BSC), Pensioner Benefit Accounts (PBA), and Shuhada Family Welfare Account (SFWA) decreased by up to 15.36%.
The return rate on Special Tawar Saving Certificates (STSC) increased from 19.24% to 24 basis points.
Profit Rates 2024 on National Savings Schemes
| Scheme | New Rate | Old Rate | Difference |
|---|---|---|---|
| BSC | 15.36% | 15.60% | -24bps |
| DSC | 14.39% | 14.40% | -1bps |
| SISA | 20.50% | 20.50% | 0bps |
| SITA 1-Year | 19.10% | 18.54% | +56bps |
| PBA | 15.36% | 15.60% | -24bps |
| RIC | 14.64% | 14.76% | -12bps |
| SAR | 20.50% | 20.50% | 0bps |
| SFWA | 15.36% | 15.60% | -24bps |
| SSC | 15.70% | 15.80% | -10bps |
| STSC | 19.24% | 19.00% | +24bps |
