Regular Income Certificate Profit Rate

Similarly short-term savings certificates for 3- 6- and 12-month have been reduced to 680 percent 676 percent and 666 percent from 772 percent 736 percent and 730 percent respectively.

Regular income certificate profit rate. On Pension Behbood the rate has been cut by 228 to 1248. The profit on Regular Income Certificates has been increased by 096 percentage points to 9pc from 804pc. In case the payable profit is Rs 500000- or above the rate shall be 30 on such profithowever in case profit is less than Rs 500000- the rate of WHT shall be 20 of the yieldprofit.

In case the payable profit is Rs 500000- or above the rate shall be 15 on such profithowever in case profit is less than Rs 500000- the rate of WHT shall be 10 of the yieldprofit. The latest increases have been a fifth in a row in 2018 as the State Bank of Pakistan hiked its main interest rate by 275 basis points to 85 percent since January. The profit rate on Defence Saving Certificates was jacked up by 54 basis points from 1247 percent to 1301 percent while the return on Regular Income Certificates was raised by 96 basis points.

Profit Rate on deposit in National Saving Bank has been revised from 21 January 2021. The CDNS reduced the average profit rate of special saving certificates registeredaccounts to 705 percent from 715 percent. This will translate into a payable profit of Rs540month on Rs50000 denomination.

Regular Income Certificate New Profit Rate Regular Income Certificate is a product of National Savings of Pakistan and its based on monthly profit. The above monthly profit has been worked out on Rs100000-. The profit margin on Special.

It was the sixth raise since June 2018. Are there any taxes applicable on RIC. 760 Profit on Special Savings Certificate 2021.

Profit rate on regular income was cut 36 basis points bps to 1056 percent from 1092 percent. The return on Regular Income Certificates was increased to 12pc of total investment compared to existing rate of 972pc that has improved from 763pc since June 30. Likewise return on Regular Income Certificates has been increased by 96 basis points with the new rate of profit standing at 1296 percent from 120 percent previously.