Karachi (Republic PK) The government has reduced the profit rate on National Savings Schemes.
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According to private TV channel Geo News, the announcement said that the annual profit on Behbood Savings and Pensioners Benefit Account has been increased to 12.96 percent, the monthly profit rate on Regular Income Certificate has been set at 11.52 percent, and an investment of Rs 1 lakh on Regular Income Certificate will now earn a monthly profit of Rs 960.
The announcement further said that the profit on Special Savings Certificate for the first 6 months will be 11.2 percent, while the last 6 months will be 12.6 percent. In addition, the annual profit on Martyrs Family Welfare Account has also been increased to 12.96 percent.