Summary Pakistan revises National Savings profit rates, adjusts returns across schemes, and reduces withholding tax for non-filers.
LAHORE (Dunya News) - The National Savings Directorate has issued a new notification revising profit rates on various savings schemes across Pakistan.
According to the notification, the profit rate on Regular Income Certificates has been set at 12.24%, while Special Savings Accounts will offer an average return of 12.4%.
The profit rate for Bahbood Savings Certificates has been maintained at 13.20%, along with Pensioners Benefit Accounts and Welfare Accounts for families of martyrs, which will also continue to offer 13.20% returns.
For Short Term Savings Certificates, revised rates include 11.4% for three-month deposits, 11.66% for six-month deposits, and 11.77% for one-year deposits.
The notification further states that Sarwa Islamic Savings Accounts will offer 11.88% profit for both one-year and two-year tenures. Profit rates for Defence Savings Certificates ranging from one to ten years have also been increased.
In addition, tax adjustments have been announced. Withholding tax for filers on National Savings accounts remains at 15%, while for non-filers it has been reduced from 35% to 30%. Zakat deduction will continue at 2.5%.
Officials said the revised rates aim to align savings returns with prevailing financial conditions.
