Pakistan National Saving Schemes Profit Rates: January 2019

Profit rates on National Saving Schemes have changed from 1st July 2019.

Please click here for updated rates

NSS profit rates effective 1-1-2019

Frequently Asked Questions
(General Queries)

Q.1    Can I deposit profit cheque into my account with any scheduled bank? If not, then how can I withdraw my profit without coming to the Centre?

Ans:     No. Unlike cheques of banks, the Profit coupons/withdrawal slips of NSS are not negotiable instruments, hence not acceptable by banks. The profit accrued on  BSC only  may, however, be collected through an agent duly authorized by the certificate holder at his/her own risk and subject to the satisfaction of the officer in charge.

Q.2    What is the standard procedure for encashment of certificate(s) in case of death of certificate
holder(s)?

Ans:     Subject to the rules of the respective schemes, the  nominee may opt for encashment of the certificates or transfer of the same in his/her name, however, in the former case the nominee shall be required to furnish;

  1. an application on plain paper containing three specimen signatures of himself/herself duly verified to the satisfaction of the officer in charge.
  2. death certificate of the deceased holder.
  3. attested photocopies of CNICs of both the deceased holder and himself.
  4. in case the certificates are intended to be  transferred to nominee, an application on SC-4 supported by relevant documents shall be required in addition to above requirements.
  5. Original Certificates.

Q.3   Do the revised rates of profit on National Savings Scheme automatically apply to the investment made prior to such revision?

Ans:    No.

Q.4   Are new rates automatically made applicable on the existing investments?

Ans:     All National Savings Schemes (NSS) except Savings Account are term/fixed deposits; hence, the agreement made at the time of investment remains valid upto the maturity of that particular deposit.  Any change in profit either upwards or downwards on later issues doesn’t affect the existing investments.  However, if any investor intends to avail new rates, he/she can withdraw the investment and on payment of subject to nominal service charges (if applicable) and then invest the same on new rates.

Q.5   Can widowers invest in Bahbood Savings Certificates?

Ans:     No, at present the widowers cannot invest in Bahbood Savings Certificates.  However, after attaining 60 years of age, they become automatically eligible being senior citizens.

Q.6   Who are eligible to invest in Bahbood Savings Certificates?

Ans:    The widows and the senior citizens aged 60 years or above can invest in Bahbood Savings Certificates.

Q.7   Is investment made in National Savings Schemes secure?

Ans:     Yes, the investment made in National Savings Schemes (NSS) is fully guaranteed by the Government of Pakistan.

Q.8   What is the difference between Joint-A and Joint-B type investment?

Ans:     The National Savings Schemes provide the facility of joint investment upto two persons.  There are two different types i.e. Joint-A and Joint-B.  In case of Joint-A deposits, the encashment is given only after having the signatures of both the investors; while in case of Joint-B, either of the investors can withdraw/encash the principal under his/her own signatures only.

76 thoughts on “Pakistan National Saving Schemes Profit Rates: January 2019”

  1. Dear Sir
    I am retire person want to know about regular incom certificate is it halal or haram tell me true please if it is halal then what is rate now can not open your website how can get the form can I do this online please i have account in pakistan can I pay through my bank to your account please Can I have you E mail address
    please Thank you Muhammad Din U K

  2. Assalam Alekum
    I would like to know this is haram or halal, b’coz many people are saying NSS certificates is haram there is only profit, if there is only profit, that’s means is haram, kinldy let me know… also one of the friend introduce me Meezan bank, saying that bank is good, (profit and loss bank)… I am in Dubai, I want to invest and also tell me what rate i can get… Thanks………. and how to buy from Dubai, and get the profit

  3. Assalam Alekum
    I would like to know this is haram or halal, b’coz many people are saying NSS certificates is haram there is only profit, if there is only profit, that’s means is haram, kinldy let me know… also one of the friend introduce me Meezan bank, saying that bank is good, (profit and loss bank)… I am in Dubai, I want to invest and also tell me what rate i can get… Thanks

  4. I have 2 questions please
    1. What is the problem with the official website of National Savings? It is not operative since over a month.
    2. We understand that Compounded rates for SSC are available at the branches of National Savings but can someone provide us here (in this website) with the compounded rate table for the revised rates of SSC that effective from 01 Jan 2011. I need the compounded rate table not just the simple six monthly rate.
    Regards
    hatimk

  5. I need some urgent advice on National Savings certificates. I purchased some Regular Income Certificate in 2005 and a few Special Certificate and both of them expired in 2010. I am not able to go back to Pakistan to reinvest of withdraw the money. I asked my brother to go and reinvest it on my name again but the Branch Manager didn’t allow it and says he wants to see the account holder in person.

    I may not be able to go back for sometime now, Can anyone please advise what that be reinvested automatically and what would happen if I go after some time would I be eligible to get the profit of the previous months.

    Please advise.

    Thanks

  6. as an investment no doubt NS centre is the best place where margin is lesser but safer. and i wanted to get detail of profit on monthly basis on one lac for my grand mother for her own expenses for that she would not ask or beg money from their children and can take monthly through NS centre’s monthly investment plan for widow or senior citizen. regards. laila

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