The Central Directorate of National Savings (CDNS) has officially revised the national savings profit rate across a variety of government-backed schemes, reflecting a broader downward trend in interest rates across Pakistan.
The move, which aligns with the recent monetary policy decision by the State Bank of Pakistan (SBP), brings notable reductions — in some cases up to 100 basis points — as the country responds to easing inflation and shifting economic dynamics.
According to figures shared by Topline Securities, the most significant cut made to the basic savings account, which saw a drop of 100 basis points, now offering a return of 9.5%. This marks a major change for small savers relying on risk-free income from their deposits.
In line with this adjustment, the Special Savings Certificate revised downward by 30 basis points to a new profit rate of 10.9%, while the Defence Savings Certificate now yields 11.91% after a 21 basis point cut.
Other instruments under the national savings umbrella have also affected:
- Regular Income Certificate: Now offering 11.52% (reduced by 18 bps)
- Pensioners Benefit Account: Revised to 13.44% (cut by 24 bps)
- Behbood Savings Certificate: Also trimmed by 24 bps to 13.44%
- Shuhada Family Welfare Account: Adjusted to 13.44%, matching the above
Even Islamic savings products have seen changes. The Sarwa Islamic Term Account and the Sarwa Islamic Saving Account are both down by 10 basis points, offering a revised rate of 10.34%.
These updates to the national savings profit rate come shortly after the SBP’s Monetary Policy Committee reduced the benchmark interest rate by 100 basis points to 11%, surprising many analysts. The decision driven by a drastically improved inflation outlook and a strategic move to shield the economy from international pressures, including potential US tariffs and ongoing geopolitical uncertainties.
Pakistan’s inflation data has shown a sharp turnaround. As per the Pakistan Bureau of Statistics, headline inflation in April 2025 plummeted to 0.3% YoY, a historic low compared to 17.3% in April last year. On a month-on-month basis, the Consumer Price Index (CPI) fell by 0.8% in April, reversing the upward trend observed in March.
The Central Directorate of National Savings, managing over Rs3.4 trillion in assets and catering to more than four million investors through a vast network of 376 branches, plays a critical role in funding the government’s fiscal requirements and supporting development initiatives. With these revised national savings profit rates, the CDNS aims to balance investor returns with broader economic stability.
 has officially revised the national savings profit rate across a variety of government-backed schemes, reflecting a broader downward trend in interest rates across Pakistan.){kind=link}