Defence Savings Certificates (DSCs) scheme was launched by the government back in 1966 to cater the financial needs of long term category investors and provide them with the opportunity to take maximum benefit of their savings.

The National Savings or Qaumi Bachat Centre last revised the profit rate of various investment certificates, incuding DSCs on May 14, 2024 when it fixed the profit rate 14.39 percent.

The Defence Certificates can be purchased by Pakistani nationals and overseas Pakistanis. These certificates have a maturity period of 10 years and come in denominations 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.

Current Profit Rate for Defence Savings Certificates

Currently, the profit rate for Defence Savings Certificates has been fixed at 14.39% after latest revision, which came into effect from May 14.

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

Expected Profit Rate in July 2024

The profit rate on Defence Savings Certificates in July 2024 is expected to remain same at 14.39%.