Profit Rate Reduces: Dec Updates On Short Terms Savings Certificate
Here is a latest update from the Federal Government, in which it has been announced that the Profit Rates on Short Term Savings Certificates have been reduced in December by the Central Directorate of National Savings (CDNs). This is the most appropriate step that has been taken to reduce the poverty rate in the country.

Short Term Saving Certificate For December Update
These certificates, which are available to Pakistani nationals and Pakistanis living abroad, permit deposits as low as Rs 10,000 with no cap and can be pledged as security. On December 16, 2024, the Central Directorate of National Savings (CDNS) reduced the profit rate for Short-Term Savings Certificates due to a drop in inflation and positive economic indicators.
یہ سرٹیفکیٹ، جو پاکستانی شہریوں اور بیرون ملک مقیم پاکستانیوں کے لیے دستیاب ہیں، بغیر کسی ٹوپی کے دس ہزار روپے تک کی رقم جمع کرنے کی اجازت دیتے ہیں اور انہیں بطور ضمانت گروی رکھا جا سکتا ہے۔ 16 دسمبر 2024 کو، سنٹرل ڈائریکٹوریٹ آف نیشنل سیونگز نے افراط زر میں کمی اور مثبت معاشی اشاریوں کی وجہ سے قلیل مدتی بچت کے سرٹیفکیٹس کے منافع کی شرح کو کم کر دیا۔ ان سرٹیفکیٹس میں تین، چھ، اور ایک سال کی پختگی کے انتخاب ہوتے ہیں۔ پاکستانی شہری اور بیرون ملک رہنے والے دونوں ہی اس اقدام میں حصہ لے سکتے ہیں، جو دس ہزار روپے سے شروع ہونے والی زیادہ سے زیادہ حد کے بغیر سرمایہ کاری کی پیشکش کرتا ہے۔ ان سرٹیفکیٹس کو سیکورٹی کے طور پر گروی رکھنے کا اختیار سرمایہ کاروں کے لیے دستیاب ایک اور آپشن ہے۔
These certificates have three-, six-, and one-year maturity choices. Both Pakistani citizens and those living abroad can participate in the initiative, which offers investments with no maximum limit starting at Rs 10,000. The option to pledge these certificates as security is another option available to investors.
Also Read: 8171 CNIC Check Online At Web Portal
Short Term Savings Certificates rates for December 2024:
In contrast to the former rate of 14.32 percent, which produced Rs3,580, the profit for a three-month maturity certificate under the amended rates is now 12.76 percent, or Rs3,190 on an investment of Rs 100,000.
The previous profit rate of 13.46 percent, which yielded Rs6,730 for every Rs 100,000 invested, has been reduced to 12.74 percent, or Rs6,370, for six-month maturity certificates. A return of Rs12,380 on the same investment amount is now possible with the one-year maturity certificates, which give a profit rate of 12.38 percent.
Tax On Non Filer For Profits Has Increases
The investor’s tax status determines how the profits from these certificates are taxed. The withholding tax rate for those on the Active Taxpayer List (ATL) is 15% of the yield; non-filers, who are not on the ATL, are taxed at a higher rate of 30%. Regardless of the date of investment or the size of the profit, these rates are applied consistently.
Crucial Changes In Taxation For Boosting Economy
The federal government declared on December 11 that the profit rates for National Savings plans will be significantly reduced.
The government’s attempts to bring financial instruments into line with the current state of the economy are reflected in the change in profit rates, which provides investors with updated incentives while skillfully controlling fiscal dynamics.
Reduction In The Profit Rate From 16pc to 13.5pc
In line with more general interest rate changes for several schemes, the savings account profit rate has decreased by 250 basis points, from 16 percent to 13.5%.
Additionally, the profit rates for defense savings certificates and normal income certificates have been updated. In addition to changes in profit rates for other schemes, including the Islamic Savings Account, Sarwa Islamic Term, and Savings Account, regular income certificates now offer 12.1%, a decrease of 10 basis points. The Islamic Savings Account profit rate is at 10.44 percent, down 72 basis points.
Conclusion
The reduction in profit rates for Short-Term Savings Certificates and other National Savings schemes reflects the government’s strategic response to improving economic conditions and reducing inflation. While these changes offer lower returns, they aim to balance fiscal policies and provide sustainable investment opportunities for citizens.