Bad News for Retired Employees and Widows, National Savings Corporation Reduces Welfare and Pension Certificate Profits, Reduces Profit Rates for All National Savings Schemes, New Rate of Profit Effective April 24, Decision on Interest Rate Due to lack. According to the details, due to reduction in interest rates, the government has also reduced the rates of national savings schemes.
A notification has also been issued in this regard. It was reported that the rate of return on defense certificates decreased by 1.86 per cent to 8.54 per cent, the rate of return on welfare and pension certificates decreased by 1.92 per cent to 10.32 per cent, the rate of return on savings accounts decreased by 1.60 per cent to 7 per cent. The rate of return on savings has been reduced from 3% to 8% and the rate of return on income certificate has been reduced from 2.28% to 8.28%.
The new rate of return has been implemented from April 24. On the other hand, it has been reported that the Central Directorate of National Savings has achieved the savings target of Rs 169 billion by April 24. It was informed that CDNS has set a target of savings of Rs 352 billion for the current financial year, which was set at Rs 324 billion last year. Similarly, a target was set to increase the total savings to Rs. 1570 billion for the current financial year. At the end of June last year, Percy DNS had achieved savings of Rs 410 billion against the target of Rs 324 billion. At the end of the financial year 2017-18, this volume was Rs 155 billion. At the end of last year, the total savings of CDNS was recorded at Rs. 1150 billion.
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