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Thursday, May 13, 2021

Authorities will increase revenue charges on Nationwide Saving Schemes certificates

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  • Revenue price elevated on virtually all certificates
  • Revenue price on financial savings account to stay at 5.5%
  • New charges to return into impact from January 21

The federal government on Thursday issued revised revenue charges for Nationwide Saving Schemes certificates, in line with a notification.

In line with the brand new charges, the revenue on the Defence Saving Certificates has been revised to 9.42% from 8.49%. Likewise, revenue on Common Earnings Certificates has elevated to 9% from 8.04%.

The revenue price on the Particular Financial savings Certificates has elevated from 7.77% to 7.97%, whereas the Behbood Financial savings Certificates revenue price has elevated to 11.28% from 10.32%.

Learn extra: Nationwide Financial savings schemes revenue charges slashed by authorities

The revenue price has additionally been elevated on Pensioners Profit Accounts to 11.28% from 10.32%. The revenue price has additionally elevated on the Shuhada Household Welfare Account to 11.28% from 10.32%.

The notification additionally said that the revenue price has additionally elevated on brief time period financial savings certificates. As per the brand new charges, the revenue on the three-month certificates has elevated to six.76%. The revenue price on six-month saving certificates has elevated to six.82% from 6.80%. The revenue price on 12-month short-term saving certificates has elevated to six.92% from 6.80%.

Nevertheless, the revenue price on the financial savings account stays at 5.5%.

The notification issued by the finance ministry will come into impact from January 21. 

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