Qaumi Bachat Bank profit rate update for Defence Savings Certificates [Aug 2024]

KARACHI – The Defence Savings Certificates (DSCs) scheme was launched 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.

Investment Limit for DSCs

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 in May, 2024. As per the revised policy, the profit rate for this category has been fixed at 14.39 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            Rs139,000

Fourth Year        Rs155,000

Fifth year             Rs175,000

Sixth year            Rs200,000

Seventh year     Rs230,000

Eighth year         Rs265,000

Ninth year           Rs308,000

Tenth year          Rs363,000