Profit rates on almost all National Savings Schemes in Pakistan have been reduced following a decline in the State Bank’s interest rate. Only two Islamic savings schemes have recorded an increase in returns.
State Bank of Pakistan is maintaining a present rate of benchmark interest rate at 11%. The monetary policy announcement is scheduled on July 30, and there may be a further interest rate cut. This reduction in rates is hitting National Savings in Pakistan with all its products.
Latest National Savings Profit Rates 2025
According to Topline Securities:
- Special Savings Certificate: reduced from 10.60% to 10.40%
- Defense Savings Certificate: reduced from 11.76% to 11.61%
- Regular Income Certificate: reduced from 11.16% to 10.68%
- Pension Benefit Account, Bahbood Savings Certificate, Shuhada Family Welfare Account: reduced from 13.20% to 12.96%
Profit Rate Increased in Two Islamic Schemes
- Sarwa Islamic Term Finance: increased from 9.75% to 9.94%
- Sarwa Islamic Savings Account: increased from 9.75% to 9.94%
The drop in profit rates affects millions of investors, particularly pensioners and low-risk investors relying on fixed returns. Meanwhile, borrowers from banks are likely to benefit from the overall decrease in lending rates.
