Rates of profit on saving schemes revised

The government Friday revised rates of profit on all saving schemes and accounts of the Central Directorate of National Savings (CDNS), which would be applicable to deposits and investments made with effect from April 24, 2020.

According to a notification, the rate of return on deposits made in Pensioner Benefits Accounts with effect from April 24, till further notification would be 10.32 percent per annum.

The rate of profit on the deposits made in Saving Accounts with effect from April 24, on account where withdrawals are made through other than cheques would be seven percent per annum. The rate of profit on monthly balances maintained in Shuhada's Family Welfare Accounts would be 10.32 percent per annum.