The Government of Pakistan introduced Defence Savings Certificates (DSCs) scheme more than five decades ago to meet the financial needs of long term investors and provide them maximum profit.
All Pakistani nationals as well as Overseas Pakistanis are eligible to purchase DSCs being an adult singly, a minor with guardian and two adults jointly, where the payments can be received either by both jointly or any one of the holders.
An adult can also purchase DSC on behalf of a single minor, two minors jointly or as a joint with a minor.
The Defence Saving Certificates can be purchased from any National Savings Centre (NSC), authorized branches of Scheduled Banks and the State Bank of Pakistan (SBP).
The minimum investment amount for this category is Rs500 while there is no maximum investment limits.
The investment in this category is made for the period of 10 years.
Latest Profit Rate on Defence Savings Certificate
The revised profit rates for Defence Savings Certificates came into on May 14, 2024. As per the revised policy, the profit rate for this category has been fixed at 14.39%.
Payable amount (Principal + Profit ) on Investment of every Rs100,000 on maturity of the certificates:
| Year | Payable Amount (Principal + Profit ) |
| 1 | Rs112,000 |
| 2 | Rs125,000 |
| 3 | Rs139,000 |
| 4 | Rs155,000 |
| 5 | Rs175,000 |
| 6 | Rs200,000 |
| 7 | Rs230,000 |
| 8 | Rs265,000 |
| 9 | Rs308,000 |
| 10 | Rs363,000 |
Defence Savings Certificate expected profit rate for July 2024
Qaumi Bachat Bank is expected to retain the profit rate of 14.39% on Defence Savings Certificate in July 2024.
RELATED: Qaumi Bachat Bank profit rate for Behbood Savings Certificate update June 2024
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