National Savings Scheme: CDNS revises profit rates on schemes

The Central Directorate of National Savings (CDNS) revised the rates of return on a number of its National Savings Schemes (NSS), effective November 04, 2025, according to data compiled by Arif Habib Limited (AHL) Research.

The profit rate on Defence Savings Certificates was revised downward by 11 basis points (bps) to 11.31%, compared to 11.42% earlier.

The return on Bahbood Savings Certificates (BSC) declined by 24bps to 12.72% from 12.96%.

Similarly, the rates of Pensioners Benefit Account (PBA) and Shuhada Family Welfare Account (SFWA) were also lowered by 24bps each, to 12.72% each.

In contrast, the profit rate on Regular Income Certificates was revised upward by 12 bps to 10.92%, compared to 10.80% earlier.

Similarly, the rates of Special Saving Certificates and Special Saving Account increased by 20 bps to 10.60%.

Moreover, returns on the Sarwa Islamic Term Account were raised by 42 bps, now offering a 9.92% per annum return against the previous 9.50%.

Analysts note that the adjustments reflect the evolving interest rate environment following the State Bank of Pakistan’s recent monetary policy decision to keep the benchmark policy rate unchanged at 11%.

Days ago, the Monetary Policy Committee (MPC) of the central bank decided to keep the policy rate unchanged at 11%, citing uncertainties around economic outlook arising from volatile global commodity prices, challenging export prospects amidst the evolving tariff dynamics and potential domestic food supply frictions.

The National Savings Organisation is Pakistan’s largest financial institution, managing a portfolio exceeding Rs3.4 trillion and serving over 4 million customers through a network of 376 branches across the country, administered by 12 Regional Directorates.

The CDNS helps the government finance budgetary deficits and support critical infrastructure projects.