Islamabad November 7 2024: The Central Directorate of National Savings (CDNS) has decreased the rates of return for its National Savings Certificates, marking amendments across different instruments from November 04, 2024.
Return rates for Special Savings Certificates (SSC) have been adjusted down to 12.26%, and Defense Savings certificates to 12.12 %, according to data published by SBP.
These rates on Special Savings Certificates and Defense Savings Certificates are down 594 basis points and 226 basis points down from their respective peaks.
Senior official of Central Directorate of National Savings said to APP that the new decreases were also applied to Bahbood Savings Certificates (BSC) 13.92%, Special Savings Account 11.77%, and Shuhadas Family Welfare Account (SFWA) 13.92%.
The Central Directorate of National Savings (CDNS) has accomplished a target of PKR 210 billion in fresh bonds and achieved 11 percent of the annual target in the first quarter of the current fiscal year, from July 1 to October 06, he said.
