The government has reduced the profit rates on various National Savings’ schemes, effective from November 1, 2019, according to a directive issued by the Central Directorate of National Savings (CDNS). Profit rate on the Defence Saving Certificate have been cut by 2.33% to 10.68%, Pension Behbood’s rate has been cut by 2.28% to 12.48%, 2.04% reduction on Regular Income Certificate to 10.92%, 1.70% drop on Special Saving Certificate to 11% and on saving accounts, the rate has been slashed by 2.05% to 8.20%.