The federal government Friday announced increase in the rate of profit on different National Savings Schemes (NSS) from January 1, 2011. The rates for Special Savings Certificates, Regular Income Certificates and Defence Savings Certificates have been enhanced from existing 12.13 percent, 12.36 percent and 12.60 percent to 13.33 percent, 13.44 percent and 13.55 percent per annum respectively.
The profit rate of Savings Accounts has also been enhanced from 8.75 percent to 9.00 percent per annum, while the rates on schemes of Pensioners Benefit Accounts and Bahbood Savings Certificates have been enhanced from 14.64 percent to 15.36 percent in line with the policy of offering subsidised rates to specialised segment of the society.
In the wake of increasing trend in the interest rate scenario and in line with the policy of the government to offer competitive market based rates to investors it has taken this public friendly step. Following is the table showing the rate of increase on different National Saving Schemes:
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Summary of NSS (National Savings Schemes)
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Profit Rates
Scheme Profit Rates Revised Profit
(up to Rates (w.e.f
31-12-2010) 01-01-2011)
p.a p.a
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Pensioners Benefit Accounts 14.64% 15.36%
Bahbood Savings Certificates 14.64% 15.36%
Special Savings Certificates / Accounts 12.13% 13.33%
Regular Income Certificates 12.36% 13.44%
Defence Savings Certificates 12.60% 13.55%
Savings Accounts 8.75% 9.00%
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-PR
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