Behbood Savings Certificates were launched in 2003 by the National Savings, commonly known as Qaumi Bachat Bank, to assist widows and senior citizens by giving them monthly profits at fair rates.
For the third time in a short period of time, the government has recently reduced the profit rates for Behbood Certificates; as of February 21, 2024, the rate is 15.36%. The program was first created for widows and the elderly, but in 2004 it was extended to include disabled people and special minors via their guardians.
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Behbood Savings Certificates are offered in multiple values, starting at Rs5,000 and going up to Rs1,000,000; profits are paid out every month starting on the day of purchase. Senior citizens sixty years of age or older, widows who are unmarried and do not remarry, joint holders made up of two eligible individuals, and disabled people or special minors through legal guardianship are among the eligible buyers.
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The lowest investment is Rs 5,000, the maximum amount that a single investor can contribute is Rs 7.5 million, and the maximum amount that a joint investor can invest is Rs 15 million.
Behbood Savings Certificates’ profit rate was lowered to 15.36% as of February 21, 2024, meaning investors would make Rs1,280 in profit for every Rs100,000 deposited. Prior to February 20, 2024, the profit rate was 16.08%.