The Central Directorate of National Savings (CDNS) has reduced profit rates on most National Savings Schemes with effect from January 5, 2026, according to data compiled by Arif Habib Limited and released on Friday.
The return on Special Savings Certificates has been lowered by 40 basis points to 10.20 percent, while the rate on Regular Income Certificates has been cut by 36 basis points to 10.56 percent. The Savings Account rate recorded a sharper reduction of 50 basis points, falling to 9.00 percent from 9.50 percent.
Profit rates on the Pensioners’ Benefit Account, Behbood Savings Certificate, and Shuhada Family Welfare Account have each been reduced by 24 basis points to 12.48%. The Defence Savings Certificate rate has been cut by 23 basis points to 11.08%.
In contrast, Islamic savings products registered marginal increases. The Sarwa Islamic Term Account and the Sarwa Islamic Saving Account both rose by 4 basis points to 9.96%, making them among the few instruments to offer higher returns following the revision.
The adjustment follows last month’s decision by the Monetary Policy Committee of the State Bank of Pakistan to reduce the policy rate by 50 basis points to 10.5%.
The National Savings Organisation manages a portfolio exceeding Rs3.4 trillion and serves more than 4 million customers through 376 branches nationwide under 12 regional directorates. The directorate plays a role in government financing through mobilisation of domestic savings.