National Saving Centre introduces new rates for saving schemes, Details inside

LAHORE: The National Savings Centre has revised the rates for three of its savings schemes, resulting in significant adjustments for savers.

Key changes include a 1.5 percent reduction in the profit rate on savings accounts, now at 19 percent. Short-term savings certificates have seen a 1.34 percent decrease, with the new rate at 17.90 percent.

This adjustment is likely to affect those relying on these certificates for secure, short-term returns.

Additionally, the profit rate for Sarwa-Islamic Savings Accounts has also been cut by 1.5 percent, bringing it to 19 percent.

Markaz Qaumi Bachat has confirmed that return rates for all other National Savings Schemes remain unchanged.

Moreover, this update is part of ongoing efforts to align financial policies with current economic conditions, aiming to balance the interests of savers with broader economic objectives.