The following are current applicable profit rates of all National Savings Schemes (NSS);
- Defence Savings Certificates (DSC)
- Behbood Savings Certificates (BSC)
- Regular Income Certificates (RIC)
- Special Savings Certificates (SSC)
- Short Term Savings Certificates (STSC)
NSS Rates effective from January 12, 2023
Name of Scheme
|STSC 3 Months
|STSC 6 Months
|STSC 12 Months
The Federal Minister for Finance and Revenue Ishaq Dar told the National Assembly on March 27, 2023 that the government of Pakistan is fully committed to provide competitive and market-based rates of return to small savers through the National Savings Schemes (NSS).
The minister told that in order to avoid distortion in the market, the profit rates on NSS are not fixed arbitrarily but they are linked with Pakistan Investment Bonds (PIBs) for medium and long-term instruments, and with Treasury Bills (T-Bills) for short-term securities.
Currently, NSS rates are fixed at 95% of PIB and T-bills of comparable maturities with the approval of the Finance Division.
Ishaq Dar said that in order to respond to the upward or downward trends of interest rate in the market, the rates of NSS are revised on monthly basis.
It is pertinent to mention here that the government is providing special enhanced rates of return to specialized segments of society i.e. Pensioners, Widows, Senior Citizens, Disabled Persons, and families of Shuhada through offering a mix of NSS like Pensioners’ Benefit Account (PBA), Behbood Savings Certificates (BSCs) and Shuhada Family Welfare Account (SFWA). These welfare schemes offer higher rates of return which are almost 2% over and above the return on the regular products of National Savings.
It is further emphasized that National Savings is providing financial services to the individual common savers and households without any explicit or hidden charges in order to promote savings culture in the Country.
With regard to the specific question, it is apprised that the profit rates are periodically reviewed in consultation with the Finance Division and the State Bank of Pakistan.
Further, the profit on National Savings Schemes has not been decreased even once during the ongoing financial year. Rather, the rate of return on NSS has consistently been revised upwards in line with the market trends.