In a recent development, the government has announced significant enhancements in the benefits offered on various National Savings Schemes, with a special focus on the Qaumi Bachat Scheme. This decision comes after a thorough review of savings certificates and schemes by the government.
According to financial experts at Topline Securities, the benefits on several savings schemes have been increased. Notably, the Special Saving Certificates (SSC), Regular Income Certificates (RIC), Pensioners Benefit Account (PBA), Behbood Saving Certificates (BSC), and Shuhada Family Welfare Account (SFWA) will now offer higher rates of benefits.
However, there has been a slight reduction of 76 basis points in the interest rate on Short Term Saving Certificates (STSC). This adjustment aims to align the rates with market trends while ensuring competitiveness for investors.
Specifically focusing on the Qoumi Bachat Scheme, the interest rate on Special Saving Certificates has seen an increase of 20 basis points, reaching 15.8%. Similarly, the benefits on Saving Account have been set at 20.5%, providing savers with more attractive returns.
Moreover, the government has maintained the rates of benefits on Defense Saving Certificates (DSC), Saving Account (SA), Sargodha Islamic Term Account (SITA), and Sargodha Islamic Saving Account (SISA). This stability aims to provide consistency and reliability for investors who opt for these schemes.
Overall, these revisions in the benefits rates aim to encourage savings and investment among individuals and provide them with lucrative options under the Qaumi Bachat Scheme and other National Savings Schemes. Investors are advised to stay updated with these changes to make informed decisions regarding their savings and investments.
