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.
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