profit on pakistan national saving schemes

CDNS expects similar profit rates for various saving

The official said the profit rate of return for specialized savings schemes like "Bahbood Savings Certificates" and "Pensioners' Benefit Account" has also been revised upward and fixed at 14.28 percent respectively in order to provide a safety net to specialized segments of the society. Get price

Tax on National Savings Certificates' profits increased by

Jul 10, 2019Non-filers investing above Rs500,000 have to pay 30 percent withholding tax as opposed to 17.5 percent earlier. The objective is to tighten grip on non-filers investing in the national savings schemes (NSS). An individual who is not required to file returns may be exempted from the increased tax rate applicable on non-filers. Get price

National Savings Profit Rates Reduced

The Central Directorate of National Savings (CDNS) decreased profit rates on all national savings schemes. The new rates will be applicable to deposits and investments made with effect from 1 November 2019. According to the latest development, the profit rate on Defence Saving Certificate was slashed by 2.33 percentage points to 10.68pc while Get price

New National Savings Profit Rates 2020

21 New National Savings Profit Rates The profit rate on the Regular Income Certificate has been enhanced by 0.24%; therefore, its new rate is now 8.04%. The Special Savings Certificate has witnessed an increase of 0.90% in its profit rate which has now surged to 7.77%. Get price

Profit rates on National Savings Schemes down

Meanwhile new rates for Savings Accounts have been reduced by 1.24 per cent to 7.40 per cent. The profit rate of return for specialised savings schemes - Bahbood Savings Certificates and Pensioners' Benefit Account - has also been revised and fixed at 13.5 per cent to provide safety net to specialised segment of society. Get price

National Savings Profit Rates Reduced

The Central Directorate of National Savings (CDNS) decreased profit rates on all national savings schemes. The new rates will be applicable to deposits and investments made with effect from 1 November 2019. According to the latest development, the profit rate on Defence Saving Certificate was slashed by 2.33 percentage points to 10.68pc while Get price

Profit rate increased on National Savings Schemes

The government has increased profit rates on National Savings Certificates with effect from 1st July 2019. New Profit rate on Behbood Certificates would be 14.76% from previous 14.28%.. New profit rate on Defence Saving Certificates will be 13.01% from previous 12.47%. Similarly, profit on Regular Income Certificates has been increased by 96 basis points to 12.96% from 12.0% previously. Get price

CDNS expects similar profit rates for various saving

The official said the profit rate of return for specialized savings schemes like "Bahbood Savings Certificates" and "Pensioners' Benefit Account" has also been revised upward and fixed at 14.28 percent respectively in order to provide a safety net to specialized segments of the society. Get price

Behbood, pensioners' schemes: IT Sec 7B doesn't apply to

According to the notification, the provisions of section 7B shall not apply to yield or profit on investment in Bahbood Savings Certificate or Pensioner's Benefit Account, provided that tax on the said yield or profit on debt is paid at the rates specified in Division I of Part I Get price

Notification of Increase in Profit Rates National Saving

Jan 02, 2019Government of Pakistan, Central Directorate of National Savings Islamabad has issued Notification on 01-01-2019 in connection with Increase in Profit Rates National Saving Schemes 2019. Detail is as under: National Savings is pleased to announce that the profit rates of National Savings Schemes ("NSS") have been revised upward w.e.f. 1 st Get price

Government reduces profit rates on National Saving Schemes

Nov 05, 2019November 6, 2019 (MLN): The Government of Pakistan has reduced the profit rates on various saving schemes. According to a directive issued by the Central Directorate of National Savings (CDNS), profit rate on Defense Saving Certificate have been cut by 2.33% to 10.68%, rate on Pension Behbood cut by 2.28% to 12.48%, Rate on Regular certificate cut by 2.04% to 10.92%, rate on Special saving Get price

Pakistan Post/Saving Bank

Savings Bank NOTE:-Finance Division's u.o. No.F.20(1)GS-I/2016-1378 dated 05-03-2019 received through CDNS Islamabad letter No.F.12 (2)/PD M(PS)Rate Notfi./2018 dated 12-09-2019 on the subject REVIEW OF RATES ON NATIONAL SAVINGS SCHEMES (NSS), and to inform that the existing rates of profit on National Savings Schemes shall remain unchanged w.e.f. 01-09-2019 till Get price

National Savings Profit Rates March 2019

Mar 06, 2019No change in profit rates of National Savings Schemes after 1st January 2019. National Savings Certificate Accounts Transfer from One Centre to another Centr Skip navigation How to Increase Profit of National Savings - National Savings of Pakistan - Duration: 6:34. National Savings of Pakistan News Channel 15,676 views. 6:34. Get price

NSC

Jan 04, 2020National Savings Certificate (NSC) is a tax saving investment that can be purchased from any post office by an Indian Resident. Being a fixed return and low risk Government of India-backed investment, NSC is usually preferred by risk-averse investors or those seeking to diversify their portfolio through fixed return instrument. Get price

Increase in the profit rates of National Savings Schemes

Officials said the profit rates were revised owing to 150 basis point increase (from 8.5 to 10pc) in benchmark interest rates announced by the State Bank of Pakistan on Nov 30, 2018. The rates of national savings schemes are announced after every two months and are linked to cut-off yield of long-term Pakistan Investment Bonds. Get price

Govt raises profit rates on saving certificates

11 The profit rate on defense certificates has been increased by 5 bps KARACHI (Web Desk) - Government has raised profit rates on national saving certificates with effect from August 28, 2020. According to details, the profit rate on regular income certificate has been increased by 24 basis point to 8.04 percent and special savings certificates by Get price

Profit rates on national saving schemes likely to rise on

Jun 27, 2018KARACHI: The profit rates are likely to be increased by half per cent on different national saving schemes. As per sources, The National Saving Centre has prepared a summary of half per cent or 50 base points increase in the profit rates that will be sent shortly to the Finance ministry for approval. The increase in profit rates will take Get price

Profit on Pakistan National Saving Schemes increased by 2

Apr 16, 2011Profit on Pakistan National Saving Schemes increased by 2 percent April 16, 2011 Leave a Comment Written by admin ISLAMABAD: The federal government has revised upwardly the rates of profit on National Saving Schemes (NSS) instruments with effect from Tuesday. Get price

Tax on National Savings Certificates' profits increased by

Jul 10, 2019Non-filers investing above Rs500,000 have to pay 30 percent withholding tax as opposed to 17.5 percent earlier. The objective is to tighten grip on non-filers investing in the national savings schemes (NSS). An individual who is not required to file returns may be exempted from the increased tax rate applicable on non-filers. Get price

Profit rates on saving schemes increased

Dec 25, 2010Profit rates on saving schemes increased The decision had been taken in the light of the budget speech 2008-09 by the finance minister announcing that National Saving Schemes would be revised to promote non-bank borrowing and investments-APP file Get price

Latest Interest Rate on National Saving Schemes – Paki Mag

Latest Interest Rate on National Saving Schemes. Islamabad (Monday, June 01, 2015) – National Savings has announced to revise the profit rate on various saving Schemes. Detail of New Profit rate:-Defense Saving Certificates = 8.68%. Pensioner benefit Accounts = 10.56%. Behbood Saving Get price

Govt raises profit rates on saving certificates

11 The profit rate on defense certificates has been increased by 5 bps KARACHI (Web Desk) - Government has raised profit rates on national saving certificates with effect from August 28, 2020. According to details, the profit rate on regular income certificate has been increased by 24 basis point to 8.04 percent and special savings certificates by Get price