Savings certificate interest rates remain unchanged

The government has finalized the profit rates for the National Savings Schemes for the first six months of the current fiscal year. The Department of National Savings announced that there will be no changes to the interest rates of savings certificates for the next six months.

As a result, investors will continue to receive profits at the previous rates. Depending on the type of scheme, the maximum profit rate will range from 11.82% to 11.98%.

The Government Debt and Financial Assets Management Division of the Ministry of Finance issued a notification in this regard on Thursday.

According to the notification, the interest rates that were effective for the National Savings Schemes during the January–June period of this year will remain in force under the same rates and conditions for the July–December period.

The decision to maintain the existing interest rates on savings certificates has come into effect from July 1.