THE current profit on Behbood Savings certificates is as low as 7.8pc pm against an investment of Rs100,000, which is the highest amongst other savings schemes of NSC.
The ministry of finance is doing nothing for bringing some relief to senior citizens and widows who have invested into NSC with the expectation that they would somehow get a better return ontheir savings.
Instead of giving some incentive to investors, this government has further decreased the rate of return without taking into consideration the miseries of senior citizens and widows who cannot take any risk by investing their money in the private sector or real estate business because of fraudulent practices and cheating in such schemes.
The government must review this policy and announce some incentives for those who solely depend on the monthly NSC profit.
