KARACHI: Profit rates on different National Savings Scheme (NSS) certificates were raised by up to 36 basis points on Tuesday by the Central Directorate of National Savings.

Highest increase of 36bps was witnessed in the rates of Pension, Behbood and Shuada family from 9.96 per cent to 10.32pc.

The government mobilised Rs340.7 billion in 11MFY20 through NSS compared to Rs306.3bn for the entire FY19. In May alone, Rs25bn was raised as against net withdrawal of Rs19bn in the same month of 2018-19.

The profit rate on Defense Savings Certificates was also increased by 34bps to 8.44pc from 8.10pc.

Similarly, return on regular income certificate has been enhanced by 20bps to 7.8pc. However, profit on Special Savings instrument was lowered by 18bps to 6.87pc.

Meanwhile, the profit rate on saving accounts was kept unchanged at 5.5pc.

Published in Dawn, August 5th, 2020