{"id":48485,"date":"2024-09-14T11:49:33","date_gmt":"2024-09-14T06:49:33","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=48485"},"modified":"2024-09-14T11:49:33","modified_gmt":"2024-09-14T06:49:33","slug":"qaumi-bachat-slashes-profit-rates-by-up-to-1-22-details-inside","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/qaumi-bachat-slashes-profit-rates-by-up-to-1-22-details-inside\/","title":{"rendered":"Qaumi Bachat slashes profit rates by up to 1.22%; Details inside"},"content":{"rendered":"

ISLAMABAD: The Qaumi Bachat<\/a> aka National Savings has announced a reduction in profit rates for various savings accounts, with cuts ranging from 0.03pc to 1.22pc, a day after SBP revised interest rates.<\/p>\n

Experts suggest that the decrease in profit rates can be the potential indicator of a further decline in interest rates in upcoming monetary policy<\/a> adjustments.<\/p>\n

The profit rate for the Sarwa Islamic Term Account has been reduced by 1.22pc, bringing it to 16.36pc. Similarly, the Sarwa Islamic Savings Account has seen a cut of 1pc, now offering a return of 18pc.<\/p>\n

The interest rate for the Short-Term Savings Certificates also dropped by 0.68pc to rest at 17.2pc. The Regular Income Certificate now offers a profit rate of 14.52pc, reflecting a decrease of 12 basis points.<\/p>\n

Special Savings Certificates and Special Savings Accounts have also been affected, with both seeing their rates lowered by 0.3pc to 15.5pc.<\/p>\n

National Savings’ new profit rates<\/h2>\n
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\n\n\n\n\n\n\n\n\n\n\n
Products<\/strong><\/th>\nNew Rate<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Sarwa Islamic Term Account<\/td>\n16.36%<\/td>\n<\/tr>\n
Sarwa Islamic Saving Account<\/td>\n18%<\/td>\n<\/tr>\n
Short Term Saving Certificates<\/td>\n17.2%<\/td>\n<\/tr>\n
Special Saving Certificates<\/td>\n15.5%<\/td>\n<\/tr>\n
Special Saving Accounts<\/td>\n15.5%<\/td>\n<\/tr>\n
Regular Income Certificates<\/td>\n14.52%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n<\/div>\n<\/div>\n<\/form>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD: The Qaumi Bachat aka National Savings has announced a reduction in profit rates for various savings accounts, with cuts ranging from 0.03pc to 1.22pc, a day after SBP revised interest rates. Experts suggest that the decrease in profit rates can be the potential indicator of a further decline in interest rates in upcoming monetary […]<\/p>\n","protected":false},"author":14,"featured_media":48486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[11001,21728],"class_list":["post-48485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-national-savings","tag-qaumi-bachat"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/48485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=48485"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/48485\/revisions"}],"predecessor-version":[{"id":48487,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/48485\/revisions\/48487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/48486"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=48485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=48485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=48485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}