Islamabad:
The federal government has reduced interest rates on various national savings regimes up to 1%, following a drop in the inflation rate.
According to an official notification, the new prices will take effect from May 21, 2025.
After the decrease of 1%, the interest rate on the savings account is calculated at 9.5%. In addition, the interest rate on the special savings certificate has been reduced by 30 base points to 10.9%. The interest rate on the regular income certificate has been reduced by 18 basic points to 11.52%.
The Government has also reduced the interest rate on the Certificate of Defense Economy from 21.91%basic points.
In addition, the interest rate on the Bahbood savings certificate, the retiree service account and the Shuhadah family account was reduced by 24 basic points to 13.4%.
National Saving officials said the government had reduced interest rates taking into account the inflation rate and the fiscal policy.
