National Savings Schemes: CDNS reduces profit rates on majority of its instruments – Business & Finance

The Central Directorate of National Savings (CDNS) has reduced profit rates on several of its National Savings Schemes while leaving others unchanged.

Rates of Regular Income Certificate (RIC) decreased by 12 basis points (bps) to 14.52%, down from 14.64%. The Special Saving Certificates (SSC) will offer a return of 15.2% return, as compared to 15.5% earlier, a decrease of 30bps.

Similarly,…