Profit on Pakistan National Saving Schemes 303


ISLAMABAD: The federal government has revised upwardly, the rates of profit on National Saving Schemes (NSS).

Updated profit rates effective from 1st January 2019 are as under;

NSS profit rates effective 1-1-2019

DEFENSE SAVING CERTIFICATES (DSC)

For historical chart of profit rates click below link

DEFENSE-PROFIT-RATES

SPECIAL SAVINGS CERTIFICATES (SSCR)

For historical chart of profit rates click below link

SPECIAL-SAVINGS-CERTIFICATES-PROFIT-RATES

BAHBOOD SAVINGS CERTIFICATES (BSC)

For historical chart of profit rates click below link

BAHBOOD-SAVINGS-CERTIFICATES-PROFIT-RATES

REGULAR INCOME CERTIFICATES

For historical chart of profit rates click below link

REGULAR-INCOME-CERTIFICATES-PROFIT-RATES


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303 thoughts on “Profit on Pakistan National Saving Schemes

  • malik

    Hey
    saudi arab se savings.gov.pk nhi kholte isly plz plz mje koi b wo jo 60 + mei jo hr month pase milte hain i think pensioner scheme ya jo b plz plz uska forum bhej dein mj mail me ta k me use sign krk bhej dun plz plz its very urgent plz mj agar koi mail krde tu me bht ehsan mand honga plz my email is cqmalik@gmail.com

  • Ejaz Hussain

    I purchase RSC amounting to Rs.300,000/- three months ago and not collect profit from national savings. What amount paid by national savings to me for the three months?

    • Javed

      Ejaz, you purchased RSC or onions. Simply you mean to say that you purchased a plot for Rs. 300,000 but you did not know what is the address of the plot and in which city it is. I am sure you must have a lot lot money spending without even a remotest care or consideration. Lucky man

  • annu

    Respected concerns,

    We have lost our national defense saving certificate in a home robbery .Me and wife are retired persons.

    Kindly share with us the set procedure to apply for the duplicate,if anyone knows about it.

    We are unable to get the relevant information from the concerned persons and they are not helping us around. Please help us in this regard

    • Javed

      Not that much worry. First of all immediately without a minute delay write a letter t your National Savings Centre informing them “simply” that you have lost your Certificates (do not say in robbery) and that the Centre should immediate stop any payment, profits, encashment, claim or any other transaction over those with immediate effect. Send this letter to the National Savngs under Registered Mail (a legal way) and as a precaution also send one separately through local TCS. You must have either photo copies of these Certificates or atleast having noted Certificates Serial Nos. Registration No and the date of Registration/Purchase. Mention all these 3 things in your letter.

      The above is the most important step to protest your interest. Write only simply very short as I stated above. Do not write long history.

      Having done that you will have to prepare Indemnity Bonds text of which can be taken from the National Nationals but “after” you having written the above letter. On the basis of this Indemnity Bond the National Savings on your application will issue you duplicate. It will take your time but you should not worry that much as you have lost only certificates not the money “PROVIDED???”

      Since three decades that is why I always advise never the open an account (certificate/investment) on one single signature for which even in 1990 I got the banking procedure/system in Pakistan changed through a human rights petitioin and (ii) never purchase National Savings Certificates as these can get lost, destroyed, get fire in home or floods and instead open “Account” with National Savings.
      Write me at adviseme@live.com if you find any difficulty or if someone creates unnecessary problem. This senior citizen though 90% blind still is active in such matters to help others.

  • MUHAMMOD IQBAL

    ON MAHANA AMDAN ACCOUNT 10 PERCENT WITHHOLDING TAX CONDITION MUST BE REMOVED. AT THE TIME OF OPENING THIS SCHEME TAX WAS NOT APPLICABLE. 10 PERCENT WITHHOLDING TAX IS TO MUCH. ONE CAN NOT AFFORD IT. ALL THE MIDDLE AND LOWER CLASS PEOPLE ARE KEEPING SMALL SAVING IN NATIONAL SAVING CENTERS. SUCH TYPE OF HUGE PERCENTAGE IS TO MUCH. TO ENCOURAGE THE SMALL SAVING TAX CONDITION SHOULD BE VIVAED. WHEN THE WITHDRAWAL SLIP WILL TAKE THE PLACE AS CHEQUE WE CAN TRANSFER MONEY FROM PLACE TO PLACE. DUE TO THIS ACTION RUSH AT THE COUNTER WILL ALSO BE REDUCED. ATM MACHINE INSTALLATION IS ALSO MUST TO OVERCOME THE RUSH.

    • Javed

      Withholding tax is a very small amount on profits only. It has no stand that while opening of Mahana Amadni Account this tax was not there. All over the any new levy can enforced any time.

      National Savings is not a member of Clearing House hence its withdrawal slips can not be transacted as bank cheques. However if amounts are big you can deposit a withdrawal slip in your account, some banks do transcit these but services charges are high.

  • waseem

    Please tell me that I was purchased the DSC in 1998 after completion of 10 years National Saving Office Pakistan Secretariat, Saddar, Karachi give me short payment as printed on back side of the certificate. they told me the rates of profit revised by government. But my question the government revised/reduced the rates of profit in the year 2006 – 2007 – 2008 and etc. but I purchased the DSC in the year 1998. So why they paid me short payment. Kindly expedite me as soon as possible. as per under the Rule.

    Regards,
    Waseem Akhtar, F.B.R. Karachi.

    • Javed

      Wasim, you purchased in 1998. The 10 years term expired in 2008. It does not matter what was rates mentioned on back of your DSCs. The rates would apply which from time to time the Government under a notification announced. As a matter of principle you are quite right that those words should be honoured but you know the conditions in our beloved home.

      I will advise you and would advise all Overseas Pakistanis that they keep a print out of comparison of rates which the Administrator of this website has painfully prepared above showing rates applicable in different years and in different times. This is a very very useful chart and every one who has invested should keep a copy of it as such information in pieces tabulated at one place is very difficult to find.

      Wasim need to make her own calculation from 1998 to 2008 based on the above tabulated Chart and not as given in the back of DSCs and see if he got payment according to that calculated figures.

      He is also entitled for the full profit for the years 2009 and 2010 (2011).

      My advise to every one holding DSCs and instruments like this is that before going to National Savings or Post Offices and signing on back as pre-receipted receipts should always be avoid and before going to surrender and en-cash double calculations at home must be done.

  • manzoor hussain

    asalamo alakum ma malumat karna chahata hoon k mane 10 years k liye fabruary 1998 ma certifcate liye the jo k mane aj tak cash nahi karvae is ki totel amount with profit bata de 10 years ki mudat se 2 years zayada ho ge haan totel amount bata de……………………. no 2………………………………………….aprel 2000 m phir certifcate liye the vo b caaash nahi karvaye is aprel m 1 year zayada ho jae ga plz is ki b with profit amount bata dee meri mail par plz,,,,,,,,,

    • Javed

      ADNAN never cause any loss to any one, never misguide anyone. If you are not sure you have proper knowledge about anything never try to put your in put as your defective knowledge could cause damage to anyone.

      Living abroad one can get Defence Certificates or any other similar items including opening of Bank account etc and even withdraw profits sitting abroad. For twenty long years I got my profits withdrawn sitting abroad

      • Imran

        Javed please advise me on how to withdraw whilst abroad? I live in the uk and the bank keeps saying due to security they can’t release funds