Jan 142009
 

Investment from Abroad

Investors from abroad may send applications along with remittance of the desired amounts either directly to the Director General or concerned Director/Joint Director or to the National Savings Centres, where investment is desired to be made. The remittance of the amount may be made either through a cheque or bank draft in the official designation of the concerned payee. The certificate shall be issued/account opened after the remittance accompanying the application is enclosed and credited to Government account.

The Principal and profit accrued on a certificate issued/account opened, against foreign

exchange received through remittance or transfer from foreign currency account or surrendering foreign exchange bearer certificates/dollar bearer certificates shall be payable abroad to the purchaser in foreign currency, if so desired by the investor.

The amount received in foreign currency shall be converted into Pakistani rupees, in accordance with the exchange rates prevailing on the date of clearance of the bank draft.

The amount of principal or profit will be converted into foreign currency in accordance with the exchange rates prevailing on the date of remittance.

For more details, please click sp_saving_cert

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Please click the following link to see profit rates effective from July 2009

http://www.opfblog.com/8605/pakistan-national-saving-schemes-profit-rates-july-2009/

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Branches

Lahore

NSC, Abbot Road

40-A, Abbot Road.

Lahore

042

6364339

Lahore

NSC, Allama Iqbal Town

7-Zeenat Block, Allama Iqbal Town.

Lahore

042

7440197

Lahore

NSC, Baghbanpura

177/A, G.T. Road, Baghbanpura.

Lahore

042

6847158

Lahore

NSC, Bhatti Gate

21-Data Darbar Road, Bhatti Gate.

Lahore

042

7220283

Lahore

NSC, Fortress Stadium

Shop No.8, Main Block, Fortress Stadium

Lahore

042

9220329

Lahore

NSC, Gulberg

29-30/F, Gulberg-II

Lahore

042

9263038

Lahore

NSC, Hameed Nizami Road

2 – Hamid Nizami Road.

Lahore

042

9203748

Lahore

NSC, Ichhra

Shop No. 202-A, Ferozepur Road,  Ichhra

Lahore

042

7587662

Lahore

NSC, Islampura

86 – National Town, Sanda Road.

Lahore

042

7145554

Lahore

NSC, Jail Road

NO.S-77-R-9, Jail Road.

Lahore

042

7583989

Lahore

NSC, Kot Lakhpat

No.951, Opp. Royal Plaza, Qanchi Amarsadhu, Main Ferozepur Road, Kot Lakhpat.

Lahore

042

5814163

Lahore

NSC, D.H.A.

2-L, Commercial, D.H.A., Lahore Cantt

Lahore

042

5720176

Lahore

NSC, Misri Shah

Building No. 62/13, Aziz Road, Misri Shah.

Lahore

042

7280409

Lahore

NSC, Model Town

289-A, Main Ferozepur Road, Near Model Town More.

Lahore

042

5853266

Lahore

NSC, Moghalpura

35-Sahlimar Link Road, Moghalpura.

Lahore

042

6867316

Islamabad

NSC, I.9 Markaz

Plot No.2-C.Labelle Plaza, I.9/4 Markaz, Opp; Wilsons

Islamabad

051

4446252

Islamabad

NSC, R, Block

R Block,Pak Secretariat

Islamabad

051

9207910

Islamabad

NSC, F.8 Markaz

No.1,2 & 3,Block No.14-J,Ayub Market, F.8/ Markaz

Islamabad

051

9261919

Islamabad

NSC, G.7/2

12-L, Sittara Market, G.7/2

Islamabad

051

9204697

Islamabad

NSC, G.9 Markaz

Premises No.9-B(IV),Omar Plaza, G.9/ Markaz

Islamabad

051

9262179

Islamabad

NSC, Aabpara

Sector G-6, Aabpara

Islamabad

051

9208674

Islamabad

NSC, F-10 Markaz

Plot No. 7-K, F-10 Markaz, Islamabad.

Islamabad

051

9235601

Islamabad

NSC, Civic Centre

Premises No.23/N,G-6, Civic Centre

Islamabad

051

9206479

To locate a branch in your area, please visit the following website and click on Branches

http://www.savings.gov.pk/


Following information is available at national savings website

Defence Savings Certificates

The Government of Pakistan introduced Defence Savings Certificate scheme in the year 1966. The scheme has specifically been designed to meet the future requirements of the depositors. This is the only scheme having 10 years’ maturity with built in feature of automatic reinvestment after the maturity. These certificates are available in the denominations of  Rs.500, Rs.1000, Rs.5,000, Rs.10,000, Rs.50,000, Rs.100,000, Rs.500,000 and Rs.1,000,000/=.

Who Can Invest .

These certificates can be purchased by a single adult, a minor, two adults in their joint names with the options of payable to the holders jointly (Joint-A ) or payable to either (Joint-B). An adult can also purchase these certificates on behalf of a single minor, two minors jointly or himself/herself and a minor jointly. In addition to above individual investors, the following institutions are also allowed to invest in the scheme:

  1. Registered Charities (Non-profit bodies).
  2. Public Sector Enterprises excluding Banks.
  3. Private Educational & Health Institutions.
  4. Employees Old Age Benefit Institutions (EOBIs).
  5. Private Corporate Sector registered with the SECP excluding Banks.
  6. Non-Bank Financial Institutions (NBFIs) excluding Insurance Companies.

How To Purchase.

These certificates can be purchased from any National Savings Centre (NSC), Pakistan Post Offices (PPO), Scheduled Bank branches and State Bank of Pakistan (SBP) by filling in a prescribed form called SC-1, which is available at all the above offices of issue free of cost.    A copy of the National Identity Card or in case of a foreign national, a copy of the Passport is required to be attached with the application form. To download application form in editable Adobe Acrobat format, please click here.

Mode of Deposit.

These certificates can be purchased by depositing cash at the issuing office or by presenting a cheque. The certificates shall immediately be issued on receipt of cash. However, in case of deposit through cheque the certificates shall be issued from the date of realization of the cheque after receipt of the clearance advice.

What Is The Investment Limit.

The minimum investment limit is Rs.500/-, however, there is no maximum limit of investment in this scheme.

What About Redemption.

These certificates are encashable at par any time after one month from the date of purchase. However, no profit is payable if encashment is made before completion of one year.

What is the return.

In this scheme the profit is paid on maturity or encashment for completed years. Every Rs.100,000/- will become Rs.108,000/-, Rs.118,000/-, Rs.129,000/-, Rs.142,000/-, Rs.158,000/-, Rs.177,000/-, Rs.201,000/-, Rs.230,000/-, Rs.265,000/- and Rs.315,000/- on completion of 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10 years, respectively. These rates are effective from 24th June, 2008. The average compound rate of return on maturity presently works to 12.15% p.a. For any other time period rates table is also available on website.

Tax & Zakat Status.

At present, the profit earned is exempt from withholding tax, if the total investment in the scheme by the investor(s) does not exceed Rs.150,000/-.  However, withholding tax @ 10% is deductible at source on the profit(s) earned if the total investment exceeds Rs.150,000/- by the investor(s). The Zakat is collected at source as per rules.

Special Savings Certificates (Registered)

Keeping in view the periodic needs of depositors, this three years’ maturity scheme was introduced in February, 1990. These certificates are available in the denomination of Rs.500, Rs.1000, Rs.5,000, Rs.10,000, Rs.50,000, Rs.100,000, Rs.500,000 and Rs.1,000,000/=. Profit is paid on the completion of each period of six months.

Who Can Invest .

These certificates can be purchased by a single adult, a minor, two adults in their joint names with the options of payable to the holders jointly (Joint-A ) or payable to either (Joint-B). An adult can also purchase these certificates on behalf of a single minor, two minors jointly or himself/herself and a minor jointly. In addition to the above individual investors, the following institutions can also invest in the scheme:

  1. Registered Charities (Non-profit bodies).
  2. Public Sector Enterprises excluding Banks.
  3. Private Educational & Health Institutions.
  4. Employees Old Age Benefit Institutions (EOBIs).
  5. Private Corporate Sector registered with the SECP excluding Banks.
  6. Non-Bank Financial Institutions (NBFIs) excluding Insurance Companies.

How To Purchase.

These certificates can be purchased from any National Savings Centre (NSC), Pakistan Post Office (PPO), Scheduled Bank branches  and the offices of State Bank of Pakistan (SBP) by filling in a prescribed form called SC-1, which is available at all the above offices of issue free of cost.  A copy of the National Identity Card or in case of a foreign national, a copy of the Passport is required to be attached with the application form. To download application form in editable Adobe Acrobat format, please click here.

Mode of Deposit.

These certificates can be purchased by depositing cash at the issuing office or by presenting a cheque. The certificates shall immediately be issued on receipt of cash. However, in case of deposit through cheque the certificates shall be issued from the date of realization of the cheque after receipt of the clearance advice.

What Is The Investment Limit.

The minimum investment limit is Rs.500/-, however, there is no maximum limit of investment in the scheme.

What About Redemption.

These certificates are encashable at par any time after one month from the date of purchase. However, no profit is payable if the encashment is made before completion of six months.

What Will I Get As Profit.

At prevailing rates, the profit is paid @14.4% p.a. for 1st five profits and @ 15.2% p.a. for the last profit. However, if the profit is not withdrawn on due date it will automatically stand reinvested and would be calculated for further profit on completion of the next 06 months’ period.

Tax & Zakat Status.

At present, the profit earned is exempt from withholding tax, if the total investment in the scheme by the investor(s) does not exceed Rs.150,000/-.  However, withholding tax @ 10% is deductible at source on the profit(s) earned if the total investment exceeds Rs.150,000/- by the investor(s). Zakat is collected at source as per rules.

Regular Income Certificates

Keeping in view the monthly requirements of the general public, this five years’ maturity scheme was launched on 2nd February, 1993. These certificates are available in the denomination of Rs.50,000, Rs.100,000, Rs.500,000, Rs.1,000,000, Rs.5,000,000 & Rs.10,000,000/=. Profit is paid on monthly basis reckoned from the date of issue of certificates.

Who Can Invest .

These certificates can be purchased by a single adult, a minor or two adults in their joint names with the options of payable to the holders jointly (Joint-A ) or payable to either (Joint-B). An adult can also purchase these certificates on behalf of a single minor, two minors jointly or himself/herself and a minor jointly. In addition to above individual investors, the following institutions are also allowed to invest in the scheme:

  1. Registered Charities (Non-profit bodies).
  2. Public Sector Enterprises excluding Banks.
  3. Private Educational & Health Institutions.
  4. Employees Old Age Benefit Institutions (EOBIs).
  5. Private Corporate Sector registered with the SECP excluding Banks.
  6. Non-Bank Financial Institutions (NBFIs) excluding Insurance Companies.

How To Purchase.

These certificates can be purchased from any National Savings Centre (NSCs) or from Pakistan Post Office (PPO) by filling in a prescribed form called SC-1, which is available at all the above offices of issue free of cost. A copy of the National Identity Card or in case of a foreign national, a copy of the Passport may be attached with the application form (SC-I). To download application form in editable Adobe Acrobat format, please click here.

Mode of Deposit.

These certificates can be purchased by depositing cash at the issuing office or by presenting a cheque. The certificates shall immediately be issued on receipt of cash. However, in case of deposit through cheque the certificates shall be issued from the date of realization of the cheque after receipt of the clearance advice.

What Is The Investment Limit.

The minimum investment limit is Rs.50,000/-, however, there is no maximum limit of investment in this scheme.

What About Redemption.

These certificates are encashable any time subject to deduction of service charges at the following rates:




if encashed before completion of one year from the date of issue.

@ 2.00%  of the face value

if encashed after one year but before completion of 02 years from the date of issue.

@ 1.50%   of the face value

if encashed after two years but before completion of 03 years from the date of issue.

@ 1.00%   of the face value

if encashed after three years but before completion of 04 years from the date of issue.

@ 0.50%   of the face value

Note: A receipt of the service charges so deducted, duly signed by the officer incharge and the cashier,  shall be issued to the investor.

What is the return.

At the prevailing rates monthly profit of Rs.1250/- is paid on investment of each Rs.100,000/-. This way the profit rate works to 15.00% p.a. However, the facility of automatic reinvestment of profit to earn further profit is not available in this scheme.

Tax & Zakat Status.

The profit earned on these certificates is subject of deduction of 10% withholding tax at source.  However, the investment made in this scheme is exempt from collection of Zakat.

Bahbood Savings Certificates

Keeping in view the hardships faced by the widows and senior citizens and to guard them against the declining rate of return on National Savings Schemes, this ten years’ maturity scheme was launched by the Government on 1st July, 2003.  Initially the scheme was meant for widows only, however, the Govt. later decided to extended the facility for senior citizens aged 60 years and above with effect from 1st January, 2004. These certificates are available in the denominations of Rs.5,000/-, Rs.10,000/-, Rs.50,000/-, Rs.100,000/-, Rs.500,000 and Rs.1,000,000/-.  Profit is paid on monthly basis reckoned from the date of purchase of the certificates.

Who Can Invest .

Only widows and senior citizens aged 60 years and above are eligible to invest.

How To Purchase.

These certificates can only be purchased from the National Savings Centre (NSCs) by filling in a prescribed form called SC-1, which is available at the offices of issue free of cost. A copy of the National Identity Card and necessary evidence regarding eligibility is required to be attached with the application form. To download application form in editable Adobe Acrobat format, please click here.

Mode of Deposit.

The certificates can be purchased by depositing cash at the issuing office or by presenting a cheque. The certificates shall immediately be issued on receipt of cash. However, in case of deposit through cheque the certificates shall have the effect from the date of realization of the cheque after receipt of the clearance advice.

What Is The Investment Limit.

The minimum investment limit in this scheme is Rs.5,000/-, whereas, the maximum limit is Rs.3,000,000/-. Investment in allowed in multiple of Rs.1,000/-.

What About Redemption.

The certificates can be encashed any time after issuance subject to deduction of service charges at the following rates:




if encashed before completion of one year from the date of purchase.

@ 1.00%
of the face value

if encashed after one year but before completion of 02 years from the date of purchase.

@ 0.75%
of the face value

if encashed after two years but before completion of 03 years from the date of purchase.

@ 0.50%
of the face value

if encashed after three years but before completion of 04 years from the date of purchase.

@ 0.25%
of the face value

if encashed after completion of 04 years

No service charges

Note: A receipt of the service charges so deducted, duly signed by the officer incharge and the cashier,  shall be issued to the investor.

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Mohammad AbdulRahim

  2 Responses to “Details about Pakistan National Saving Certificates”

  1. hi
    india is our neighbour but . if the neighbour is not good then first we have to tell be a good neighbour .if he not then do somethinks . if you think the war is there then do it first. send the Boom then after say sorry to india . but you have to do first in storng way. like send 10 ot 15 big Boom or send three nues to hart of india.

    thanks
    fakahr usman butt

  2. Fakhar usman butt saheb,

    Sending a boom is neither our requirement nor india is our enemy. Our illiteracy is our enemy. Learn the dynamics of international community. Those who can make the world hear their voice can only send boom. Until you don’t know how to communicate to the world, you will send boom to others but the direction of the boom will always be towards yourself.

    Have a balanced view for others.It will elevate your morale.

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