Web.pk

QaumiBachat, NATIONAL SAVINGS BANK: Monthly Profit 2018-2019

By Noor Mani — Published on 31/12/2018
ADVERTISEMENT
CONTINUE READING BELOW

The National Savings Bank is one of the best savings banks of Pakistan. It has some saving account options which can be chosen from. The savings can be selected to get the best profit rates. It has shown a positive increase in profit percentage over the years of 2017-2018. The profits have increased from First of February 2017 to 30 April 2018 by 3.95%, which continued to grow by an average of 1% per year and has now reached up to 7% in 2018.

ADVERTISEMENT
CONTINUE READING BELOW

Furthermore, other promotions have shown a positive increase, Profit rates on Behbood savings certificate and pensioners benefit and Shudda family welfare accounts have increased from 0.96 per cent to 11.88 per cent. The rate of saving account rose from one per cent to 7 per cent. Profit rate on defence savings certificate has increased by 0.98 to 10.03 per cent.

The rate of special savings certificate has risen from one per cent to 8.60 per cent. Profit rate on regular income certificate has increased from 0.94 per cent to 9.72 per cent. The rates on national savings scheme are announced after every two months and linked to a cut-off yield of long-term Pakistan Investment Bonds. Profit rates on savings certificate have mostly remained unchanged during the last three years, which could easily be gauged from the downward investment flows into the government securities.

ADVERTISEMENT
CONTINUE READING BELOW

Investments in government securities amounted to Rs202 billion in the last fiscal year of 2017/18 compared to Rs207 billion in 2016/17, Rs233 billion in 2015/16, and Rs337 billion in 2014/15. According to Analysts, the downbeat investment occurred due to the lower profit rates on government securities, while the additional withholding tax on non-filers also brought down deposits in the banking sector.

The government has charged additional withholding tax on financial transactions by the non-filers of income tax returns for the last three years. The tax disadvantage, however, marginally improved the number of return filers to a little over 1.5 million.

About Author

Written by
Noor Mani is a senior tech correspondent and renowned professional writer from the Pakistani local Newspaper Weekly Multan. She is a P.E.C. accredited Electronics Engineer with a wide vision of technology and the local media industry scope.

Popular Articles

Top 60 Pakistani Clothing Brands
ADVERTISEMENT CONTINUE READING BELOWWant to figure out the top 60 in Pakistan in 2023? Can…
28 Feb 2017
Traditional Mehndi & Dholki Songs List With Lyrics 2024
ADVERTISEMENT CONTINUE READING BELOWPakistani wedding is incomplete without different traditions like Mehndi, , Jaga. These…
14 Nov 2013
Download Pakistani Dramas – Websites List
ADVERTISEMENT CONTINUE READING BELOW 1.Youtube.com Using Video Downloader Tools: If you prefer to download Pakistani…
31 Aug 2015
PTCL DSL/Wireless Router Settings with IP – Username & Password
ADVERTISEMENT CONTINUE READING BELOWLots of new user face problems and difficulty in configuring their modems…
25 Feb 2013
Funny and Cute Nicknames for Friends in Urdu 2024
ADVERTISEMENT CONTINUE READING BELOWIn Pakistan, it is observed that on a birth of baby there…
23 Jul 2015
Mehndi and Dholaki Songs collection with Lyrics 2024
ADVERTISEMENT CONTINUE READING BELOWThe Wedding season is on once again and we see weddings taking…
12 Dec 2014
Vehicle Registration Number Plates In Pakistan: Comprehensive Guide
ADVERTISEMENT CONTINUE READING BELOWRegistration of vehicles or vehicle registration plates of motor vehicles in Pakistan…
24 May 2016
Telefilm “Left Right Left ” Cast & Story
ADVERTISEMENT CONTINUE READING BELOWTelefilms on special occasions like Eid ul Fitr and Eid ul Adha…
2 Jul 2019
10 Best Turkish Dramas in Urdu
ADVERTISEMENT CONTINUE READING BELOWAfter the Indian dramas, Turkish dramas are the only dramas that have…
30 May 2017
Pakistani Banks Helpline Numbers and Contacts – List of All
ADVERTISEMENT CONTINUE READING BELOWAt present there are over forty banks in Pakistan operating in category…
27 Nov 2017
Prime Minister Laptop Scheme 2014 : Laptop Specifications
ADVERTISEMENT CONTINUE READING BELOWThe Prime Minister Laptop scheme is back, last time the scheme proved…
10 Nov 2014
How To Open Blocked Sites In Pakistan Without Any Software
ADVERTISEMENT CONTINUE READING BELOWAlthough YouTube got a green signal by Government of Pakistan and Pakistan…
16 Oct 2016