National savings schemes in Pakistan have undergone a recent revision in their profit rates, effective January 26th. While some investors might interpret this as a setback, let's delve into the specifics and understand the potential implications.
Defense Saving Certificates, a popular choice for their security and competitive returns, have witnessed a minor dip of 0.19 percentage points, bringing their new profit rate to 14.2%. Similarly, the rate for Special Saving Certificates, another attractive option, dropped by 0.40 percentage points to 16.0%.
For those seeking consistent income, Regular Income Certificates and Behbood Savings Certificates face a slightly larger reduction of 0.12 and 0.08 percentage points, respectively. Their revised rates stand at 15.0% and 16.08%.
However, some schemes bucked the downward trend. Savings Accounts, a primary choice for regular deposits, saw a slight increase of 0.50 percentage points, climbing to 20.50%. This move might provide a welcome boost for individuals seeking readily accessible returns.
Pensioners Benefit Accounts, however, mirrored the downward trend, experiencing a decrease of 0.08 percentage points to 16.08%. This might require closer attention for retirees relying on this income stream.
Finally, Short-Term Saving Certificates, favored for their flexibility, encountered a reduction of 0.46 percentage points, landing at 20.34%. Investors aiming for short-term gains might need to reconsider their options compared to other schemes.
