Qaumi Bachat Bank profit rate for Defence Savings Certificates update February 2024

KARACHI – 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 ten years.

Latest Profit Rate for Defence Savings Certificates

The revised profit rates for Defence Savings Certificates came into effect from January 26, 2024. As per the revised policy, the profit rate for this category has been fixed at 14.1 percent.

Payable amount (Principal + Profit ) on Investment of every Rs100,000 on maturity of the certificates:

First year             Rs112,000

Second year       Rs125,000

Third year            Rs140,000

Fourth Year        Rs158,000

Fifth year             Rs180,000

Sixth year            Rs207,000

Seventh year     Rs240,000

Eighth year         Rs279,000

Ninth year           Rs325,000

Tenth year          Rs378,000