The government has cancelled the decision to reduce the profit rate of the five savings schemes run under the National Savings Directorate.
The International Resources Division under the Ministry of Finance issued a notification on Sunday, January 4, reinstating the previous profit rate.
The decision came four days after the government cut the profit rate for the next six months, effective from January 1.
As a result, the maximum profit rate will now be 11.98 per cent from 11.82 per cent.
As per the rules, the government reviews the rate every six months.
MAS/MSU