KARACHI – The National Savings or Qaumi Bachat Bank has revised the profit rate of various investment certificates with effect from March 19, 2024.
The profit rate on Defence Savings Certificates has been kept unchanged at 14.1 percent as it was revised down thrice in last two months.
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.
Defence Savings Certificates Profit Rate From 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.