Defence Savings Certificates: Profit rate update, January 2025

ISLAMABAD: The National Savings also known as Qaumi Bachat decreased the profit rates of Defence Savings Certificates (DSCs) in December 2024 due to declining inflation rate.

The Defense Certificates (DSCs) were introduced a decade ago to assist long-term investors in meeting their financial obligations. To ensure that investors get the most out of their money, the Qaumi Bachat provides maturity plans for up to ten Year.

The National Savings or Qaumi Bachat Bank had earlier announced a new profit rate for Defense Savings Certificates in effect from December 10, 2024.

The Defence Savings Certificates are available for investment by both Pakistani citizens and Pakistanis living abroad. These certificates are available in values 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, and they have a 10-year maturity term.

Defence Savings Certificates Profit January 2025

The Qaumi Bachat kept the profit rate of Defence Savings Certificates for January 2025 unchanged at  12.19 percent. Following are the profits on completion of every year until 10 Year maturity on investment of 100,000

Payable Amount (Principal + Profit ) On Investment of Every Rs.100,000

First Year           Rs109,000

Second Year       Rs119,000

Third Year          Rs130,000

Fourth Year        Rs143,000

Fifth Year           Rs159,000

Sixth Year          Rs179,000

Seven Year         Rs204,000

Eighth Year         Rs235,000

Ninth Year          Rs272,000

Tenth Year          Rs316,000

Tax/Zakat Deduction

The taxes and Zakat are deducted on the profits in line with the policy of the State Bank of Pakistan.

The withholding tax for filers has been fixed at 15 percent while it is 30 percent for non-fielders.