The Central Directorate of National Savings (CDNS) has revised profit rates on various investment products, effective December 10, 2024.
The profit rate for Regular Income Certificates has been revised to 12.00% from the previous 12.10%.
This change means investors will now receive a monthly return of Rs1,000 per Rs100,000 investment, slightly lower than the earlier Rs1,010. Despite the adjustment, RICs continue to be exempt from Zakat deductions, ensuring they remain a secure and reliable investment choice.
Earlier, on December 9, the profit rate for RICs had been reduced from 12.72% to 12.10%, resulting in a decrease in the monthly payout from Rs1,060 to Rs1,010 per Rs100,000 investment.
Introduced in 1993, Regular Income Certificates were created to cater to the monthly financial needs of the general public.
They are available in denominations of Rs50,000, Rs100,000, Rs500,000, Rs1,000,000, Rs5,000,000, and Rs10,000,000, offering flexibility to investors of various financial capacities.
