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The National Savings, also known as Qaumi Bachat Bank, has revised the profit rates for various investment certificates, including the Defence Savings Certificates (DSCs). The profit rate for DSCs has been set at 14.39 percent.
Both Pakistani nationals and overseas Pakistanis can invest in Defence Savings Certificates, which have a maturity period of 10 years and are available in denominations of Rs. 500, Rs. 1,000, Rs. 5,000, Rs. 10,000, Rs. 50,000, Rs. 100,000, Rs. 500,000, and Rs. 1,000,000.
Profit Rate From July 2024:
For the month of July, the profit rate for Defence Savings Certificates stands at 14.39%. The following is the profit schedule for an investment of Rs. 100,000:
- First year: Rs. 112,000
- 2 Years: Rs. 125,000
- 3 Years: Rs. 139,000
- 4 Years: Rs. 155,000
- 5 Years: Rs. 175,000
- 6 Years: Rs. 200,000
- 7 Years: Rs. 230,000
- 8 Years: Rs. 265,000
- 9 Years: Rs. 308,000
- 10 Years: Rs. 363,000
Taxes and Zakat are deducted from the profits in accordance with the policy of the State Bank of Pakistan. The withholding tax is set at 15 percent for filers and 30 percent for non-filers.
The Pakistani government launched the Defence Savings Certificates (DSCs) scheme over five decades ago to cater to the financial needs of long-term investors, providing them with the opportunity to maximize the benefits of their savings.