Profitability rate of National Savings in Regular Income Certificates update March 2024

ISLAMABAD – The Central Directorate of National Savings recently reviewed the earning rates of various products including Regular Income Certificates.

Effective March 19, 2024, the rate of return on these certificates increased to 14.76 percent from the previous rate of 14.



64.

Keeping in mind the monthly needs of the general public, in February 1993, the government launched Regular Income Certificates (RIC) with a maturity period of five years.

The certificates are available in denominations of Rs.

50,000 rupees. 100,000 rupees. 500,000 rupees. 1,000,000, 5,000,000 rupees and 10,000,000 rupees.

Profits are paid monthly to investors from the date the certificates are issued.

Latest benefit rate for regular income certificates

National Savings increased the profit rate on Regular Income Certificates by 12 basis points.

Under the revised policy, the benefit rate of Regular Income Certificates has been increased to 14.76% per annum.

Qaumi Bachat Banks will now offer Rs 1,230 per month to investors starting March 19, 2024.

Zakat deduction

Investment made in Regular Income Certificates is exempt from Zakat Deduction.

The rates of national savings plans are reviewed; Check out the new 2024 update here