National Savings Schemes in Pakistan

National Savings Schemes are as follows

Special Savings Certificate (SSCR)

Special Savings Certificates– The government of Pakistan announced National Savings Schemes or Government saving schemes for the Betterment of Peoples of Pakistan there are Total 6 National Savings Schemes available in the department of national savings and savings institute in different cities in Pakistan. From Which the First one is Special Savings Certificate (SSCR). Special Savings Certificates with a maturity period of 3 years was launched on 4th February 1990 that offers a great investment opportunity for small and medium investors to meet their periodic economic needs

Special Savings Certificates Product Best Parts

Categories:	Certificates
Starting Date	1990
Maturity	3 Years
Profit Paid	Bi annually
Denomination	500/-, 1000/-, 5000/-, 10000/-, 50000/-, 100000/-, 500000/-, 1000000/-
Investment Limit	500 Min – No Limit Max
Beneficiary	General Public
Mode of Deposit	Cash & Cheque

Special Savings Certificates are available in the denomination of:

• 500/-,
• 1000/-,
• 5,000/-,
• 10,000/-,
• 50,000/-,
• 100,000/-,
• 500,000/-,
• 1,000,000/-

Profit is payable on the completion of each period of six months.

Who Can Invest in Special Savings Certificates?

All Pakistani Nationals, as well as Foreign Nationals, can purchase Special Savings Certificates being a single adult, a minor or two adults jointly where the payments can be received either by the both jointly (Joint-A) or any one of the holders (Joint-B). An adult can also purchase Special Savings Certificates on behalf of a single minor, two minors jointly or as a joint with a minor. Organizations may also invest their employee’s related funds such as pension, gratuity, superannuation, contributory provident fund and trusty fund etc.

How to Purchase Special Savings Certificates?

Special Savings Certificates can be bought from any National Savings Centre (NSC), Pakistan Post Office (PPO) or authorized branch of a Scheduled Bank and the State Bank of Pakistan (SBP) by filling in the SC-1 (Application form), available free of cost from all the above issuing offices. Documents Required with the Application Form For Adult Pakistanis

• A copy of the Computerized National Identity Card (CNIC)

For Overseas Pakistanis

• A copy of National Identity Card for Overseas Pakistanis (NICOP) or Pakistan Origin Card (POC)

For Minor

• A copy of Form B or Child Registration Certificate (CRC) as issued by NADRA

For Institutional Investors

• An attested copy of NTN Certificate or Institutional Registration Certificate (IRC).
• Foreign Nationals
• A copy of the Passport

To download the application form in editable Adobe Acrobat format, please click here.

Mode of Deposit to Purchase Special Savings Certificates

Special Savings Certificates can be purchased by depositing cash at the Issuing Office or by presenting a cheque/ draft/ pay order. The Certificate shall be issued immediately against the cash payment. However, in the case of deposit through cheque/ draft/ pay-order, the Certificate shall be issued with effect from the date of realization of the cheque/ draft/ pay-order after receiving the clearance advice. Investment Limit Minimum: Rs.500/- No maximum investment limits Encashment Special Savings Certificates is cashable at par any time after the date of purchase. However, no profit is payable if the encashment is made before completion of six months and no service charges shall be deducted for the encashment of these certificates. The Certificates issued/purchased/re-invested on or after November 15, 2010, shall not be re-invested on maturity.

Rate of Return or Profit rates of Special Savings Certificates

For rates click here Tax & Zakat The rate of tax to be deducted shall be as follows: Filers: 10% of the yield/ profit Non-Filers: 17.5% of the yield/ profit; however, the rate shall be 10% if the yield or profit paid is less than Rs. 500,000/-. Zakat shall be collected at source as per rules. For More Details and any other query please visit national saving bank of Pakistan which also called national saving center and qaumi bachat bank

Regular Income Certificates (RIC)

Central Directorate of National Savings Government of Pakistan ministry of finance announced Regular Income Certificates for General Public. Regular Income Certificate was launched on February 2, 1993. Keeping in view the monthly requirements of the general public, the Regular Income Certificates (RICs) with a maturity period of five years. Profit is paid on monthly basis started from the date of issue of certificates.

Regular Income Certificate Highlights

Categories	Certificates
Starting Date	1993
Maturity	5 Years
Profit Paid	Monthly
Beneficiary	General Public
Denomination	50000/-, 100000/-, 500000/-, 1000000/-, 5000000/-, 10000000/-
Mode of Deposit	Cash & Cheque

Regular Income Certificate is available in the denominations of:

50,000/-, Rs. 100,000/-, Rs. 500,000/-, Rs. 1,000,000/-, Rs. 5,000,000/-, Rs. 10,000,000/-

Who Can Invest Regular Income Certificates?

All Pakistani Nationals, as well as Foreign Nationals, can purchase Regular Income Certificates being a single adult, a minor or two adults jointly where the payments can be received either by the both jointly (Joint-A) or any one of the holders (Joint-B). An adult can also purchase RIC on behalf of a single minor, two minors jointly or as a joint with a minor. Institutions may also invest their Employees’ related funds such as pension, gratuity, superannuation, contributory provident fund and trusty fund etc.

How to Purchase Regular Income Certificates?

Regular Income Certificates can be purchased from any National Savings Centre (NSC), Pakistan Post Office (PPO) or authorized branch of a Scheduled Bank and the State Bank of Pakistan (SBP) by filling in the SC-1 Form (Application form), available free of cost from all the above issuing offices. Documents Required with the Application Form

• Adult Pakistanis
• A copy of the Computerized National Identity Card (CNIC)
• Overseas Pakistanis
• A copy of National Identity Card for Overseas Pakistanis (NICOP) or Pakistan Origin Card (POC)
• Minor
• A copy of Form B or Child Registration Certificate (CRC) as issued by NADRA
• Institutional Investors
• An attested copy of NTN Certificate or Institutional Registration Certificate (IRC).
• Foreign Nationals
• A copy of the Passport

To download the application form, please click here.

Mode of Deposit

Regular Income Certificates can be purchased by depositing cash at the Issuing Office or by presenting a cheque/ draft/ pay order. The Certificate shall be issued immediately against the cash payment. However, in case of deposit through cheque/ draft/ pay-order, the Certificate shall be issued with effect from the date of realization of the cheque/ draft/ pay-order after receiving the clearance advice. Investment Limit Minimum: Rs. 50,000/- No maximum investment limits Encashment Regular Income Certificates can be encashed at any time and service charges shall be deducted on the following rates: RIC can be encashed any time after issuance subject to the deduction of service charges If enchased before completion of 1, 2, 3 and 4 years from the date of issue: then 2 %,1.50%, 1%, and 0.50% service charges of the face value shall be deducted. There will no service charges after the completion of 4 years.The Certificates issued/ purchased/ reinvested on or after November 15, 2010, shall not be reinvested on maturity. Tax & Zakat The rate of tax to be deducted shall be as follows: Filers: 10% of the yield/ profit Non-Filers: 17.5% of the yield/ profit; however, the rate shall be 10% if the yield or profit paid is less than Rs. 500,000/- Any investment made in RIC shall be exempt from compulsory deduction of Zakat at source Rate of Return/Profit rates

Defence Savings Certificate (DSC)

The Government of Pakistan and Central Directorate of National Savings introduced Defence Savings Certificates scheme in the year 1966. To satisfy the financial needs of long-term class investors and provide them with the opportunity to take the maximum gain in their financial savings. The scheme has particularly been designed to meet the future requirements of the depositors with a maturity period of 10 years.

Main Points of Defence Savings Certificates

Categories	Certificates
Starting Date	1966
Maturity	10 Years
Investment Limit	No Limit
Beneficiaries	Widows & Senior Citizen
Denomination	500/-, 1000/-, 5000/-, 10000/-, 50000/-, 100000/-, 500000/-, 1000000/-
Mode of investment	Cash & Cheque

Defence Savings Certificates are available in the denominations of:

1. 500/-,
2. 1000/-,
3. 5,000/-,
4. 10,000/-,
5. 50,000/,
6. 100,000/-,
7. 500,000/-,
8. 1,000,000/-

Also, Read other Related Schemes of National savings.

1. Regular Income (RIC)
2. Behbood Savings (BSC)
3. National Savings Organization Pakistan

Who Can Invest in Defence Savings Certificates?

All Pakistani nationals in addition to overseas nationals can purchase Defence Savings Certificates. Being an adult single, a minor with father or mother and adults together, where the Payment may be received both by each jointly or anyone of the holders. an adult also can purchase Defence Savings Certificates on behalf of a single minor, two minors collectively or as a joint with a minor. institutions may additionally invest their employees’ associated funds which include pension, gratuity, superannuation, contributory provident fund and trusty fund etc.

How to Purchase Defence Savings Certificates?

Defence Savings Certificates can purchase from any National Savings Centre (NSC), Pakistan Post Office (PPO) or authorized branches of Scheduled Banks and the State Bank of Pakistan (SBP) by filling Form in the SC-I. Application Form which available free of cost from all the above issuing offices. Documents Required with the Application Form. Adult Pakistanis

• A copy of the Computerized National Identity Card (CNIC).

Overseas Pakistanis

• A copy of National Identity Card for Overseas Pakistanis (NICOP) or Pakistan Origin Card (POC).

Minor

• A copy of Form B or Child Registration Certificate (CRC) as issued by NADRA.

Institutional Investors

• An attested copy of NTN Certificate or Institutional Registration Certificate (IRC).

Foreign Nationals

• A copy of the Passport.

To download application form please click here 

Mode of Deposit For Defence Savings Certificates

Defence Savings Certificates can be purchased by depositing cash or cheque/ draft/ pay-order at the Issuing Office. The Certificate shall be issued immediately against cash payment. However, in case of deposit through cheque/ draft/ pay-order, the Certificate shall be issued on the date of realization of the cheque/ draft/ pay-order after receiving the clearance advice. Investment Limit Minimum: Rs.500/. No maximum investment limits.

Encashment

Defence Savings Certificates are encashable at par any time after the date of purchase. However, no profit is payable if encashment is made before completion of one complete year. DSCs issue/purchase/re-invested on or after November 15, 2010, shall not re-invested on maturity. Rate of Return or Profit rates For rates click here Tax and Zakat The rate of tax to deducted as follows. Filers: 10% of the yield/ profit. Non-Filers: 17.5% of the yield/ profit; however, the rate shall be 10% if the yield or profit paid is less than Rs. 500,000/. Zakat deducted at source as per rules.