KARACHI (MNN); The Central Directorate of National Savings (CDNS) has announced a downward revision in profit rates for most National Savings Schemes (NSS), with the new rates coming into force from January 23, 2026.
Data released by Arif Habib Limited on Friday shows that the Short-Term Special Savings Certificates (STSC) faced the largest reduction, as returns were slashed by 110 basis points to 9.58 per cent, down from 10.68 per cent.
Profit on the Defence Saving Certificate was reduced by 64 basis points to 10.44 per cent, while the Regular Income Certificate saw a cut of 60 basis points, bringing its return down to 9.96 per cent.
Similarly, returns on the Pensioners’ Benefit Account, Behbood Savings Certificate and Shuhada Family Welfare Account were each lowered by 48 basis points, setting the new rate at 12 per cent. The Special Savings Certificate also witnessed a reduction of 40 basis points, with returns adjusted to 10.20 per cent.
However, the Special Savings Account moved against the overall trend, recording an increase of 20 basis points to 10.40 per cent, making it one of the few options offering improved returns after the revision.
Market analysts believe the broad-based cuts reflect expectations of easing interest rates amid slowing inflation and improving economic conditions.
Last month, the State Bank of Pakistan’s Monetary Policy Committee unexpectedly reduced the policy rate by 50 basis points to 10.5 per cent.
The National Savings Organisation, Pakistan’s largest financial institution, manages assets exceeding Rs3.4 trillion and serves more than four million customers through 376 branches nationwide under 12 regional directorates.
The CDNS plays a vital role in supporting government financing needs and funding key infrastructure and development projects.
