Govt to cut savings certificate profit rates from Jan

The government is set to slash profit rates on national savings certificates (Sanchaypatra) from January 1, 2026, marking the second reduction in six months, following calls from the banking sector.

The Finance Division of the Ministry of Finance has drafted a proposal outlining the new profit rates, which has been submitted to Finance Adviser Dr. Salehuddin Ahmed for approval, officials said.

Once endorsed, they said, the Internal Resources Division (IRD) will issue an official circular to implement the changes, reports UNB.

Finance Adviser Salehuddin Ahmed said that he has yet to officially receive the proposal, bankers have been advocating for a rate cut.

"There is a demand from bankers to reduce the profit rates of savings certificates to support credit growth in the private sector," he said, adding that the final decision will consider the overall national interest.