National Savings Centre or Markaz Qaumi Bachat has announced revised profit rates on Savings Accounts, effective from August 2024.
Savings Accounts remained longstanding product of Qaumi Bachat Bank, which was rolled out to help small-scale investors in their financial needs.
| Category | Details |
| New Profit Rate for Savings Accounts | 19% (Reduced by 1.5% from 20.5%) |
| Previous Profit Rate | 20.5% |
| New Profit Rate for Short-Term Savings Certificates | 17.9% (Reduced by 1.34%) |
From August 2024, profit rate on Savings Accounts has been lowered by 1.5pc, bringing it down to 19pc from previous rate of 20.5pc.
Profit rate for Short-Term Savings Certificates has been reduced by 1.34pc, setting the new rate at 17.9%, effective from August 2024.
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