ISLAMABAD – The National Savings or Qaumai Bachat Bank lately revised the profit rate on Behbood Savings Certificates, one of the popular investment product, amid decline in inflation and positive indicators.
The profit rate on the investment certificates was decreased by 1.2 percent, with effect from October 2024. It means the investors will get less profit starting from the running month.
People can buy the Behbood Savings Certificates from any nearby branch of the Qaumi Bachat Bank across Pakistan
Behbood Savings Certificates
The Behbood Certificates were launched in 2003 keeping in view the difficulties faced by widows and the elderly as it offers monthly profit at reasonable rate.
It is considered one of the most attractive investment category for this group of people in Pakistan as it offers reasonable profit rates.
In 2004, the scheme was extended to disabled persons and special minors with disability through their guardians.
The Behbood Savings Certificates are available in the denominations of Rs5, 000, Rs10,000, Rs50,000, Rs 100,000, Rs500,000 and Rs1,000,000.
Profit is paid on monthly basis started from the date of purchase of the certificates.
Behbood Certificates Investment Limit
A single person can make a maximum investment of Rs7.5 million while the limit is Rs15 million for joint investors.
Behbood Savings Certificates Profit on Rs1 lakh Investment
As of October 2024, the government has fixed the profit rates on Behbood Savings Certificates at 14.16 percent or Rs1,180 on each investment of Rs100,000 or 1 lakh rupees.
Behbood Savings Certificates Profit on 5 lakh Investment
With an investment of Rs500,000, people can earn profit of Rs5,900 per month, with effect from October 2024.
Withholding tax is not collected on the profit earned on BSCs. Investments made in the BSC are also exempted from Zakat collection.
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