KARACHI: With effect from March 19, 2024, the National Savings or Qaumi Bachat Bank has modified the profit rate on a number of investment certificates.
Defence Savings Certificate profit rates have been maintained at 14.1 percent after three downward revisions in the previous two months.
Both Pakistanis living abroad and natives of Pakistan can obtain Defense Certificates. These certificates are available in amounts 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. They have a ten-year maturity period.
Read More: Qaumi Bachat Bank new profit rate for Behbood Certificates – March 19
Defence Savings Certificates Profit Rate ( March 19, 2024)
The profit rate for Defence Savings Certificates stands unchanged at 14.1% after latest revision, which came into effect from March 19.
Payable Amount (Principal + Profit ) On Investment of Every Rs.100,000
First year Rs112,000
2 Years Rs125,000
3 years Rs139,000
4 years Rs155,000
5 Years Rs175,000
6 Years Rs200,000
7 Years Rs230,000
8 Years Rs265,000
9 Years Rs308,000
10 Years Rs363,000
Defence Savings Certificates Tax/Zakat Deduction
The taxes and Zakat are deducted on the profits in line with the policy of the State Bank of Pakistan.