National Savings Short Term Savings Certificates Scheme

short term saving certificate

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. Rs. 10,000/-,
  2. Rs. 50,000/-,
  3. Rs. 100,000/-,
  4. Rs. 500,000/-,
  5. Rs. 1,000,000/,
  6.  Rs. 5,000,000/-,
  7. Rs. 10,000,000/-

Also, Read other National Savings Schemes.

  1. Special Savings (SSCR)
  2. Regular Income (RIC)
  3. Behbood Savings (BSC)


short term savings certificate

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)


  • 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


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


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