Govt increases profit rates on saving schemes from July 1

ISLAMABAD: The federal government has revised upwards the profit rates on National Savings Schemes with effect from July 1 until further notification. The increase in profit rates would help government arrange Rs 224 billion to cover budget deficit during 2012-13. The new rates of profit on National Savings Schemes and Special Savings Certificates have been increased from 11.87% to 12.02% while Regular Income Certificates profit rate has been increased from 12.12% to 12.36% per annum. These prof... more

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