ISLAMABAD – The National Savings or Qaumai Bachat Bank has revised down the profit rate on Behbood Savings Certificates by 1.2 percent for October 2024.

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.

Who Can Buy Behbood Savings Certificates?

The certificates can be purchased by any of the following Citizens of Pakistan, namely:

(a)A senior citizen aged sixty years or above

(b)A single widow as long as she does not re-marry

(c)Two eligible persons as in clause (a) and (b) in their joint names

(d) Disables holding NIC with Disability logo, and special minor through a Guardian.

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 New Profit Rate in October 2024

As of October 2024, the government has fixed the profit rates on Behbood Savings Certificates at 14.16 percent as compared to previous 15.36%.

Withholding tax is not collected on the profit earned on BSCs. Investments made in the BSC are also exempted from Zakat collection.

Qaumi Bachat Bank Defence Savings Certificates profit rate reduced [Feb 2024 update]