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ISLAMABAD: National Savings Centre, commonly known as Qaumi Bachat Bank, continues to offer its long-standing savings account product, which aims to provide small investors with a safe way to meet their day-to-day financial needs.
A savings account allows flexibility, giving its investor a great facility to withdraw money up to three times a week.
Qaumai Bachat has revised the profit rate on Behbood Savings Certificates due to decreasing inflation and positive indicators.
The savings bank has decreased the profit rate on the investment certificates by 0.24 percent, with effect from November 4, 2024. After the revision, the investors will get less profit starting from the current month.
Behbood Savings Certificates Profit
As of November 2024, the National Savings has fixed the profit rates on Behbood Savings Certificates at 13.92 percent or Rs1,160 on each investment of Rs100,000 or 1 lakh rupees.
The Qaumi Bachat’s Behbood Savings Certificates, launched in 2003, is a financial scheme tailored to the needs of widows, senior citizens, and disabled persons.
It offers investment options from 5,000 rupees to a maximum of 75 lakhs and provides a secure and profitable way to save. Investors benefit from monthly profit payments directly credited to their linked savings account.
The Certificates have specified investment limits, with individuals allowed to invest up to Rs 7.5 million and joint investors up to Rs 15 million.
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