ISLAMABAD – Defence Savings Certificates (DSCs), an investment scheme offered by the Qaumi Bachat Bank or National Savings Centres, were launched decades ago to address the financial needs of long term category investors .
With 10 years maturity plan, it provides an opportunity to investors to take maximum benefit or profit on their savings.
Lately, the National Savings or Qaumi Bachat Bank announced new profit rate of various investment certificates, incuding DSCs, in May 2024.
The profit rate on Defence Savings Certificates was fixed at 13.57 percent.
Who Can Invest in DSCs?
Both Pakistani nationals and overseas Pakistanis can invest in the Defence Savings Certificates. 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.
Defence Savings Certificates Profit on Every Rs100,000
The profit rate for Defence Savings Certificates stands at 13.57% for the month of September. Following is the profit schedule:
Payable Amount (Principal + Profit ) On Investment of Every Rs.100,000 on completion of:
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.
