ISLAMABAD: The Central Directorate of National Savings collected Rs70 billion during the first quarter of the ongoing financial year as the total target of Rs302 billion has been set for FY 2015-16.
According to the CDNS, the federal government has also made adjustments in the profit rates on new saving schemes to be made on or after October 01, 2015. He said the instant revision was made in the backdrop of current market scenario and in accordance with the government’s policy to provide market based competitive rate of return to the investors of National Savings.
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As per notification issued by the federal government, the new rates for Special Savings Certificates, Regular Income Certificates, Defence Savings Certificates and Savings Accounts have been fixed at average 7 percent, 7.8 percent, 8.87 percent and 4.25 percent respectively.
