Islamabad:
The federal government has reduced interest rates in several national savings schemes by up to 1 percent, after a decrease in inflation rate.
According to an official notification, the new rates will enter into force as of May 21, 2025.
After 1 percent cut, the interest rate in the savings account is calculated at 9.5 percent. In addition, the interest rate in the special savings certificate was reduced by 30 basic points to 10.9 percent. The interest rate in the regular income certificate was reduced by 18 basic points to 11.52 percent.
The Government also reduced the interest rate on the defense savings certificate at 21 basic points to 11.91 percent.
In addition, the interest rate in Bahbood’s savings certificate, the Pensioners’ Benefit account and Shuhadah’s family account were reduced by 24 basic points to 13.4 percent.
National Savings officials said the government had reduced interest rates taking into account the inflation rate and fiscal policy.
