National Savings cuts profit rates on defense, welfare certificates

ISLAMABAD: Important news for savings certificate holders, the rate of defense, welfare savings has been reduced for January 2026.

The Central Directorate of National Savings (CDNS) has issued the latest profit terms for customers, the rate of profit on savings schemes has changed rapidly, the rate of profit on many certificates including defense savings certificates has decreased significantly.

It is not without interest that from defense savings certificates to special savings and Islamic accounts, the returns on which many people relied for a steady income have suddenly decreased significantly.

National Savings announced a massive change in the rate of profit on its savings products effective from January 23, 2026, after which savers are seeing significant changes across the board.

Defence Savings Certificates (DCS) have been reduced by 64 basis points, now offering 10.44% per annum.

Behbood Savings Certificates (BCS), Pensioners Benefit Accounts (PBA) and Shuhada Family Welfare Accounts (SFWA) have all been cut by 48 basis points, now offering 12% per annum.

Regular Income Certificate holders will earn 9.96% per annum, with Special Savings Certificates seeing the biggest reduction of 80 basis points, now offering 9.4% per annum.

In addition, Special Savings Accounts (SSA) remain unchanged at 10.2%, which seems to provide some stability to depositors.

Islamic savings products have also been affected by the cut, with the Sarwa Islamic Term Account now offering 9.96% per annum while the Sarwa Islamic Savings Account is providing 9.92% per annum.