National Savings Scheme Regular Income Certificates (RIC)


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

Profit Rate RevisedRegular 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.

Regular Income Certificates

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


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

For rates click here


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