ISLAMABAD – The National Savings or Qaumai Bachat Bank’s profit rates for various certificates, including Bahbood Savings Certificates, are unchanged in July 2024.
The Behbood certificates were launched by the government in 2003 keeping in view the difficulties faced by widows and the elderly as it offers monthly profit at reasonable rate.
Lately, the government revised the profit rates of the certificates on May 14. Since then, there is no change in them with profit rate on Bahbood Certificates stands at 15.36% or Rs1,280.
| Effective Period | Monthly Profit on each Rs100,000 | Rate (%) | |
| 14-May 2024 | Till Date | Rs1,280 | 15.36% |
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 Purchase Certificates?
BSCs 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.
Investment Limit
The minimum investment limit stands at Rs5,000 while 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 July 2024
The government has fixed the new profit rate on Behbood Savings Certificates at 15.36% or Rs1,280 on each Rs100,000 investment.
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]
