Govt quietly cuts profits on savings schemes

The government has quietly slashed profit rates on all national savings schemes — both conventional and Sharia-compliant — within a month, dealing a fresh blow to small investors, particularly pensioners, widows, and low-income savers. Despite repeated adjustments, the Central Directorate of National Savings (CDNS), which operates under the Ministry of Finance, continues to withhold timely public disclosure. Revised profit rates are neither published on the CDNS website nor released to the media. Instead, notifications are discreetly shared with agents and regional offices via post, often after weeks of delay, leaving the majority of savers — many of whom are elderly or from vulnerable groups — in the dark.