Pakistan, Feb. 27 -- The Central Directorate of National Savings (CDNS) has reduced the rates of return on a number of its National Savings Schemes (NSS) with the decrease going as low as 33 basis points (bps).
The rate of Bahbood Savings Certificates lowered by 10bps to 13.58% from 13.68%, brokerage house Arif Habib Limited reported.
The changes take effect from February 25, 2025 onwards.
The Defence Saving Certificates (DSC) will offer a return of 12.14%, after a decline of 1bps from 12.15%.
The return on Pensioners Benefit Account (PBA) declined by 10bps to 13.58% from 13.68%.
Similarly, Special Savings Certificate saw a reduction of 20bps, and will now offer a return of 11%.
Short Term Savings Certificates (STSC) will offer an 10....