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Jan 06 2010

Pakistan National Saving Bonds: new rules

 

KARACHI: The government has notified the rules for the National Saving Bonds, which could also be traded in the stock exchange and could be pledged as securities in Pakistan.

National Saving Bonds Rules, 2009 would come into force at once and would apply to the bonds by the federal government.

These bonds will be listed as well as traded on Country’s stock exchanges and would be transferable through the Central Depository Company.

According to the Rules, the maturity period of the bonds will be three, five and ten years for which the return rate would be 12.5 percent, 12.55 percent and 12.6 percent per annum respectively.

Federal government has notified that these bonds will be federal government’s registered security and the minimum investment will be Rs 20,000 with no maximum limit.

These bonds will be issued in the multiple of Rs 10,000 and the profit on these bonds will be paid bi-annually and there would be no redemption before maturity.

The bonds will be sold by the central directorate of National Savings in issues or as per the directives of the finance division while the maturity wise coupon rate will be announced by the finance division before fortnight of each issue.

These bonds may be issued to individuals: mutual funds, provident, pension, gratuity funds or trusts excluding body corporate and banks, irrespective of their residential status. Daily Times

11 comments

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  1. Raja Muhammad Ali

    Hi dear Sir,
    i am live in Dubai. but iam pakistani national i am intersted to saving my money in saving bonds plz tell me what is the proceger for buy a saving bonds.
    i will wait for your responce soon as soon.

    Thanks & Best Regards
    Raja Muhammmad Ali
    00971503173811

    1. Javed

      First read their scheme attentively, understand those and then decide. There are are no savings “bonds” with the National Savings. There are prize bonds and saving certificates. I can not understand why people start jumping without first understanding the basic things.

      1. Mohammad AbdulRahim

        National Saving Bonds info
        http://www.savings.gov.pk/add/nsb1.jpg

  2. IMRAN AHMED

    We can purchased from CANADA . Is there any office or arrangement in CANADA. Profit will be in PAK RUPEES and converted in foreign exchange. Is there any kind of tax on these bond profits.

  3. naveed iqbal sher

    sir.
    mai prize bond lena chahta hun plz ap muge batain draw date se kitne days pehle minimum bond lena pare ga.
    aur kitne days bad mai return ker sakta hun
    aur kitne charges lage gay
    ager mai minimum date se pehle return kerta hun to kitne charges hun ge
    plz muge batain
    e mail ker dena

  4. Muhammad Din

    Dear Sir
    What is pakistan national certificate rate of interest for three years
    is it allow to buya muslim can I buy on line or some else please guide me
    thank you Muhammad Din U K

  5. adil Malik

    Hi
    is there any way i can purchase those National saving bonds from U.S.A
    Thanks

    1. Javed

      You can not purchase National Savings instruments “from within” USA but sitting in USA you can purchase all their schemes products directly from them from Pakistan.

  6. farooq

    aoa,
    i want know about the rule of special saving certificate .
    i get 50000 rs certificate from karachi saving centre .
    i get two time profit after 06 monthly in 2008 after that i left karachi due to my problm and still not went to get the next profit .
    but i want to know tht wn now i wl visit to get the profit may i get till now i mean for three yrs or only 02 yrs because special saving certificates r issued for total three yrs .
    please reply
    thanks

  7. Javed

    Simply write an application addressed to the Officer Incharge of the National Savings Centre from where you purchased your certificates properly quoting the Registration Number asking him to “re-invest and treat as having been re-invested” your certificates “from the date of their maturity. Send this letter under Registered cover and save the receipt. On encashment you will received not merely profit for the original period but also for the extended re-invested period.

  8. M.IMRAN

    sir

    i want to buy bonds but banks are not issue the bonds in city Rahim YAr khan.when we went to buy bonds from bank they simly said to buy bonds from a dealer of these bonds.he works as an agent of banks for sale of these prize bonds at a hihg price….please guide me about it…From where i buy bonds at there face value….
    Regards:
    M.Imran

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