National Savings Schemes in Pakistan

National Savings Schemes are as follows

Special Savings Certificate (SSCR)

Special Savings Certificates– The government of Pakistan announced National Savings Schemes or Government saving schemes for the Betterment of Peoples of Pakistan there are Total 6 National Savings Schemes available in the department of national savings and savings institute in different cities in Pakistan. From Which the First one is Special Savings Certificate (SSCR). Special Savings Certificates with a maturity period of 3 years was launched on 4th February 1990 that offers a great investment opportunity for small and medium investors to meet their periodic economic needs

Special Savings Certificates Product Best Parts

Categories: Certificates
Starting Date 1990
Maturity 3 Years
Profit Paid Bi annually
Denomination 500/-, 1000/-, 5000/-, 10000/-, 50000/-, 100000/-, 500000/-, 1000000/-
Investment Limit 500 Min – No Limit Max
Beneficiary General Public
Mode of Deposit Cash & Cheque
Special Savings Certificates are available in the denomination of:
  • 500/-,
  • 1000/-,
  • 5,000/-,
  • 10,000/-,
  • 50,000/-,
  • 100,000/-,
  • 500,000/-,
  • 1,000,000/-
Profit is payable on the completion of each period of six months.

Who Can Invest in Special Savings Certificates?

All Pakistani Nationals, as well as Foreign Nationals, can purchase Special Savings Certificates being a single adult, a minor or two adults jointly where the payments can be received either by the both jointly (Joint-A) or any one of the holders (Joint-B). An adult can also purchase Special Savings Certificates on behalf of a single minor, two minors jointly or as a joint with a minor. Organizations may also invest their employee’s related funds such as pension, gratuity, superannuation, contributory provident fund and trusty fund etc.

How to Purchase Special Savings Certificates?

Special Savings Certificates can be bought from any National Savings Centre (NSC), Pakistan Post Office (PPO) or authorized branch of a Scheduled Bank and the State Bank of Pakistan (SBP) by filling in the SC-1 (Application form), available free of cost from all the above issuing offices. Documents Required with the Application Form For Adult Pakistanis
  • A copy of the Computerized National Identity Card (CNIC)
For Overseas Pakistanis
  • A copy of National Identity Card for Overseas Pakistanis (NICOP) or Pakistan Origin Card (POC)
For Minor
  • A copy of Form B or Child Registration Certificate (CRC) as issued by NADRA
For Institutional Investors
  • An attested copy of NTN Certificate or Institutional Registration Certificate (IRC).
  • Foreign Nationals
  • A copy of the Passport
To download the application form in editable Adobe Acrobat format, please click here.

Mode of Deposit to Purchase Special Savings Certificates

Special Savings Certificates can be purchased by depositing cash at the Issuing Office or by presenting a cheque/ draft/ pay order. The Certificate shall be issued immediately against the cash payment. However, in the case of deposit through cheque/ draft/ pay-order, the Certificate shall be issued with effect from the date of realization of the cheque/ draft/ pay-order after receiving the clearance advice. Investment Limit Minimum: Rs.500/- No maximum investment limits Encashment Special Savings Certificates is cashable at par any time after the date of purchase. However, no profit is payable if the encashment is made before completion of six months and no service charges shall be deducted for the encashment of these certificates. The Certificates issued/purchased/re-invested on or after November 15, 2010, shall not be re-invested on maturity.

Rate of Return or Profit rates of Special Savings Certificates

For rates click here Tax & Zakat The rate of tax to be deducted shall be as follows: Filers: 10% of the yield/ profit Non-Filers: 17.5% of the yield/ profit; however, the rate shall be 10% if the yield or profit paid is less than Rs. 500,000/-. Zakat shall be collected at source as per rules. For More Details and any other query please visit national saving bank of Pakistan which also called national saving center and qaumi bachat bank

Regular Income Certificates (RIC)

Central Directorate of National Savings Government of Pakistan ministry of finance announced Regular Income Certificates for General Public. Regular Income Certificate was launched on February 2, 1993. Keeping in view the monthly requirements of the general public, the Regular Income Certificates (RICs) with a maturity period of five years. Profit is paid on monthly basis started from the date of issue of certificates.

Regular Income Certificate Highlights

Categories Certificates
Starting Date 1993
Maturity 5 Years
Profit Paid Monthly
Beneficiary General Public
Denomination 50000/-, 100000/-, 500000/-, 1000000/-, 5000000/-, 10000000/-
Mode of Deposit Cash & Cheque

Regular Income Certificate is available in the denominations of:

50,000/-, Rs. 100,000/-, Rs. 500,000/-, Rs. 1,000,000/-, Rs. 5,000,000/-, Rs. 10,000,000/-

Who Can Invest Regular Income Certificates?

All Pakistani Nationals, as well as Foreign Nationals, can purchase Regular Income Certificates being a single adult, a minor or two adults jointly where the payments can be received either by the both jointly (Joint-A) or any one of the holders (Joint-B). An adult can also purchase RIC on behalf of a single minor, two minors jointly or as a joint with a minor. Institutions may also invest their Employees’ related funds such as pension, gratuity, superannuation, contributory provident fund and trusty fund etc.

How to Purchase Regular Income Certificates?

Regular Income Certificates can be purchased from any National Savings Centre (NSC), Pakistan Post Office (PPO) or authorized branch of a Scheduled Bank and the State Bank of Pakistan (SBP) by filling in the SC-1 Form (Application form), available free of cost from all the above issuing offices. Documents Required with the Application Form
  • Adult Pakistanis
  • A copy of the Computerized National Identity Card (CNIC)
  • Overseas Pakistanis
  • A copy of National Identity Card for Overseas Pakistanis (NICOP) or Pakistan Origin Card (POC)
  • Minor
  • A copy of Form B or Child Registration Certificate (CRC) as issued by NADRA
  • Institutional Investors
  • An attested copy of NTN Certificate or Institutional Registration Certificate (IRC).
  • Foreign Nationals
  • A copy of the Passport
To download the application form, please click here.

Mode of Deposit

Regular Income Certificates can be purchased by depositing cash at the Issuing Office or by presenting a cheque/ draft/ pay order. The Certificate shall be issued immediately against the cash payment. However, in case of deposit through cheque/ draft/ pay-order, the Certificate shall be issued with effect from the date of realization of the cheque/ draft/ pay-order after receiving the clearance advice. Investment Limit Minimum: Rs. 50,000/- No maximum investment limits Encashment Regular Income Certificates can be encashed at any time and service charges shall be deducted on the following rates: RIC can be encashed any time after issuance subject to the deduction of service charges If enchased before completion of 1, 2, 3 and 4 years from the date of issue: then 2 %,1.50%, 1%, and 0.50% service charges of the face value shall be deducted. There will no service charges after the completion of 4 years.The Certificates issued/ purchased/ reinvested on or after November 15, 2010, shall not be reinvested on maturity. Tax & Zakat The rate of tax to be deducted shall be as follows: Filers: 10% of the yield/ profit Non-Filers: 17.5% of the yield/ profit; however, the rate shall be 10% if the yield or profit paid is less than Rs. 500,000/- Any investment made in RIC shall be exempt from compulsory deduction of Zakat at source Rate of Return/Profit rates

Defence Savings Certificate (DSC)

The Government of Pakistan and Central Directorate of National Savings introduced Defence Savings Certificates scheme in the year 1966. To satisfy the financial needs of long-term class investors and provide them with the opportunity to take the maximum gain in their financial savings. The scheme has particularly been designed to meet the future requirements of the depositors with a maturity period of 10 years.

Main Points of Defence Savings Certificates

Categories Certificates
Starting Date 1966
Maturity 10 Years
Investment Limit No Limit
Beneficiaries Widows & Senior Citizen
Denomination 500/-, 1000/-, 5000/-, 10000/-, 50000/-, 100000/-, 500000/-, 1000000/-
Mode of investment Cash & Cheque

Defence Savings Certificates are available in the denominations of:

  1. 500/-,
  2. 1000/-,
  3. 5,000/-,
  4. 10,000/-,
  5. 50,000/,
  6. 100,000/-,
  7. 500,000/-,
  8. 1,000,000/-
Also, Read other Related Schemes of National savings.
  1. Regular Income (RIC)
  2. Behbood Savings (BSC)
  3. National Savings Organization Pakistan

Who Can Invest in Defence Savings Certificates?

All Pakistani nationals in addition to overseas nationals can purchase Defence Savings Certificates. Being an adult single, a minor with father or mother and adults together, where the Payment may be received both by each jointly or anyone of the holders. an adult also can purchase Defence Savings Certificates on behalf of a single minor, two minors collectively or as a joint with a minor. institutions may additionally invest their employees’ associated funds which include pension, gratuity, superannuation, contributory provident fund and trusty fund etc.

How to Purchase Defence Savings Certificates?

Defence Savings Certificates can purchase from any National Savings Centre (NSC), Pakistan Post Office (PPO) or authorized branches of Scheduled Banks and the State Bank of Pakistan (SBP) by filling Form in the SC-I. Application Form which available free of cost from all the above issuing offices. Documents Required with the Application Form. Adult Pakistanis
  • A copy of the Computerized National Identity Card (CNIC).
Overseas Pakistanis
  • A copy of National Identity Card for Overseas Pakistanis (NICOP) or Pakistan Origin Card (POC).
Minor
  • A copy of Form B or Child Registration Certificate (CRC) as issued by NADRA.
Institutional Investors
  • An attested copy of NTN Certificate or Institutional Registration Certificate (IRC).
Foreign Nationals
  • A copy of the Passport.
To download application form please click here 

Mode of Deposit For Defence Savings Certificates

Defence Savings Certificates can be purchased by depositing cash or cheque/ draft/ pay-order at the Issuing Office. The Certificate shall be issued immediately against cash payment. However, in case of deposit through cheque/ draft/ pay-order, the Certificate shall be issued on the date of realization of the cheque/ draft/ pay-order after receiving the clearance advice. Investment Limit Minimum: Rs.500/. No maximum investment limits.

Encashment

Defence Savings Certificates are encashable at par any time after the date of purchase. However, no profit is payable if encashment is made before completion of one complete year. DSCs issue/purchase/re-invested on or after November 15, 2010, shall not re-invested on maturity. Rate of Return or Profit rates For rates click here Tax and Zakat The rate of tax to deducted as follows. Filers: 10% of the yield/ profit. Non-Filers: 17.5% of the yield/ profit; however, the rate shall be 10% if the yield or profit paid is less than Rs. 500,000/. Zakat deducted at source as per rules.

Behbood Savings Certificates (BSC)

Central Directorate of National Savings Government of Pakistan ministry of finance announced Behbood Savings Certificates (BSC) for Widows & Senior Citizen. Keeping in view the hardships faced by the widows and senior citizens, Behbood Savings Certificates with a 10-years maturity period were launched by the Government of Pakistan on 30, July 2003. Initially, BSC was meant for widows only; however, it was decided later by the Government to extend the facility to senior citizen aged 60 years and above with effect from January 1, 2004.

Behbood Savings Certificates Main Points

Categories Certificates
Starting Date 2003
Maturity 10 Years
Profit Paid Monthly Basis
Beneficiaries Widows & Senior Citizen
Denomination 5000/-, 10000/-, 50000/-, 100000/-, 500000/-, 1000000/-
Mode of investment Cash & Cheque
 

Behbood Savings Certificates is available in the denominations of:

  • 5, 000/
  • 10,000/
  • 50,000/
  • 100,000/
  • 500,000
  • 1,000,000
Profit is paid on monthly basis started from the date of purchase of the certificates.

Who Can Invest Behbood Savings Certificates?

Behbood Savings Certificates can be purchased by any of the following Citizens of Pakistan, namely: – (a) A senior citizen aged sixty years or above (b) A single widow as long as she does not re-marry (c) Two eligible persons as in clause (a) and (b) in their joint names Payments can be made the holders jointly or to either with the written consent of the other (Joint class-A) and to either (Joint class-B).

How to Purchase Behbood Savings Certificates?

BSC can be purchased only from the National Savings Centers (NSC) by filling in SC-1 (Application Form), available free of cost from the issuing offices. Documents Required with the Application Form
  • Senior citizens:
  • A copy of the Computerized National Identity Card (CNIC)/ National Identity Card
  • Overseas Pakistanis:
  • National Identity Card for Overseas Pakistanis (NICOP)
  • Widows:
  • CNIC/NICOP
  • A copy of the Death Certificate of the husband duly issued from concerned department.
An undertaking on stamp paper to the effect that she has not re-married till the date of deposit duly attested by Notary Public/Oath Commissioner bearing his/ her seal and stamp. On a later stage, if it is disclosed that the widow re-married then the amount received by her shall be refunded as per rules. To download the application form in editable Adobe Acrobat format pleaseclick here.

Mode of Deposit

Behbood Savings Certificates can be purchased by depositing cash at the issuing office or by presenting a cheque/ draft/ pay order. In case of deposit through cheque/ draft/ pay-order, the Certificates will be issued with effect from the date of realization of the cheque/ draft/ pay-order after receipt of the clearance advice. However, the Certificates shall be issued immediately against the cash payment. Investment Limit Minimum: Rs. 5,000/- Maximum: For a single investor: Rs. 5 million For Joint investor (Category (a) or (b)): Rs.10 million Encashment BSCs can be enchased any time after issuance subject to the deduction of service charges at the following rates: If the certificates encashed before completion of 1,2,3 and 4 years from the date of purchase then 1%, 0.75%,0.50% and 0.25% service charges of the face value shall be deducted respectively. If encashed after completion of 4 years there will be no service charges. Furthermore, the Certificates issued/purchased/ reinvested on or after 15-11-2010 shall not be reinvested on maturity. Rate of Return/Profit rates For the rates click here Tax & Zakat Status Withholding tax is not collected on the profit earned on BSCs. Investments made in the BSC are also exempted from Zakat collection.

Short Term Savings Certificate

National Savings of Pakistan launched Short Term Savings Certificate scheme on July 1, 2012. the scheme has been mainly designed to fulfill the short term financial necessities of the depositors. Short Term Savings Certificates is pledge-able and having 3-month, 6-month and 1-year maturity scheme.

Short Term Savings Certificate Main Points

Categories: Certificates
Starting Date 2012
Maturity 3, 6, 12 Months
Beneficiary General Public
Denominations 10000/-, 50000/-, 100000/-, 500000/-, 1000000/-, 5000000/-, 10000000/-
Mode of Deposit Cash & Cheque
Investment Limit 10000 Min – No Limit Max
Available denominations are:
  1. 10,000/-,
  2. 50,000/-,
  3. 100,000/-,
  4. 500,000/-,
  5. 1,000,000/,
  6. 5,000,000/-,
  7. 10,000,000/-
Also, Read other National Savings Schemes.
  1. Special Savings (SSCR)
  2. Regular Income (RIC)
  3. Behbood Savings (BSC)
   

Who Can Invest in Short Term Savings Certificate

All Pakistani Nationals in addition to foreign nationals can purchase Short Term Savings Certificates being an unmarried person, a minor or two adults at the same time where the payments can be received either by the both jointly (Joint-A) or any one of the holders (Joint-B). an adult also can purchase Short Term Savings Certificates on behalf of a single minor, two minors jointly or as a joint with a minor. Institutions may additionally make investments their employee’s associated funds together with the pension, gratuity, superannuation, contributory provident fund and trusty fund and so on.

How to Purchase Short Term Savings Certificate?

Short Term Savings Certificates can be purchased from any National Savings Centre (NSC) by filling in the SC-1 (Application form), available free of cost from all NSCs. Documents Required with the Application Form Adult Pakistanis
  • A copy of the Computerized National Identity Card (CNIC)
Overseas Pakistanis
  • A copy of National Identity Card for Overseas Pakistanis (NICOP) or Pakistan Origin Card (POC)
Minor
  • A copy of Form B or Child Registration Certificate (CRC) as issued by NADRA
Institutional Investors
  • An attested copy of NTN Certificate or Institutional Registration Certificate (IRC).
Foreign Nationals
  • A copy of the Passport
To download application, please click here, 

Short Term Savings Certificates Mode of Deposit

Short Term Savings Certificates can be purchased by depositing cash at the Issuing Office or by presenting a cheque/ draft/ pay order. The Certificate shall be issued immediately against the cash payment. However, in the case of deposit through cheque/ draft/ pay-order, the Certificate shall be issued with effect from the date of realization of the cheque/ draft/ pay-order after receiving the clearance advice. Investment Limit Minimum: Rs. 10,000/- No maximum investment limits

Encashment

Short Term Savings Certificates encashed at the office of the issue but not earlier than one month from the date of issuance. However, profit shall be due on completion of the maturity period. Rate of Return/Profit rates For the rates click here. Tax & Zakat Following tax rate Deducted from STSCs Filers: 10% of the yield/ profit Non-Filers: 17.5% of the yield/ profit; however, the rate shall be 10% if the yield or profit paid is less than Rs. 500,000/-. The investment made in short-term savings certificate released from collection of Zakat