In a recent turn of events, the government has rolled out significant modifications to a variety of National Savings Schemes. This revamp spells out a boon for investors as the return rates on numerous schemes have seen a considerable uplift.
As per the official proclamation, Behbood Certificates have witnessed a surge of 24 basis points, making the return rate an enticing 15.60%.
In a similar vein, holders of Special Savings Certificates are set to reap the benefits of a 20 basis point increment, pushing the interest rate to a robust 15.80%.
The news also brings cheer to pensioners. The return rate on Pensioners Benefits Accounts has been bumped up by 24 basis points, hitting a solid 15.60%.
Furthermore, the profit rate on Shuhada Family Welfare Account has recalibrated to align with that of the Welfare Certificates, pegging it at a promising 15.60%.
However, it’s not all sunshine and rainbows. The Short Term Savings Certificates have seen a dip of 76 basis points, bringing the interest rate down to 19%.
This overhaul in the National Savings Schemes is a testament to the government’s commitment to providing lucrative investment opportunities to its citizens. Stay tuned for more updates on this front.
