The government has declared a decrease in the returns of various National Savings Schemes, suggesting potential changes in the forthcoming monetary policy.
The profit rate on the Sarwa Islamic Term Account has decreased by 1.22% to 16.36%. Following a 1% cut, the Sarwa Islamic Savings Account yields an 18% return.
Additionally, short-term savings certificates have seen a reduction of 0.68%, bringing the rate to 17.2%. Special Savings Certificates and Special Savings Accounts have also experienced a modest decline of 0.3%, with the rate adjusting to 15.5%.
Moreover, the Regular Income Certificate’s return has decreased by 12 basis points, currently at 14.52%.
