Islamabad: The federal government has announced a one and a half percent reduction in the rate of return on national savings schemes.
According to the officials of the National Savings Department, new rates of profit have been issued on three different schemes, according to which the rate of profit on savings accounts has been reduced by one and a half percent to 19 percent.
Similarly, it was announced that the interest rate on short-term savings certificates will be reduced by 1.34% to 17.90%, and the interest rate on Sarwa Islamic Savings Accounts will be reduced by one and a half percent to 19%.
The rate of return on all other National Savings Schemes has been maintained.
