ISLAMABAD, AUGUST 12: The national savings certificates and programs’ profit rates have been lowered by the government by as much as 150 basis points (bps).
Short Term Savings Certificates (STSC), Savings Accounts (SA), and Sarwa Islamic Savings Accounts (SISA) now have lower profit rates.
While the rate of return on STSC has dropped by 134 basis points to 17.9 percent, the rate of return on SA has dropped by 150 basis points to 19 percent.
Scheme | Latest Rate | Previous Rate | Change (bps) |
Savings Account (SA) | 19% | 20.5% | -150 |
Short Term Savings Certificates (STSC) | 17.9% | 19.24% | -134 |
Sarwa Islamic Savings Account (SISA) | 19% | 20.5% | -150 |
The profit rate on SISA is down by 150 bps at 19 percent.