- The National Savings Bank has updated the interest rate.
- The interest rate on Defence Savings Certificates remains at 14.1 percent.
- The taxes and Zakat are deducted on the profits.
The interest rate on Defence Savings Certificates remains at 14.1 percent, despite being reduced three times in the past two months.
Defence Certificates are available for purchase by Pakistani citizens and expatriates. These certificates have a ten-year maturity period and are available in denominations of Rs.500, Rs.1,000, Rs.5,000, Rs.10,000, Rs.50,000, Rs.100,000, Rs.500,000, and Rs.1,000,000.
Defence Savings Certificates Profit Rate From March 19, 2024
The interest rate for Defence Savings Certificates remains at 14.1% following the most recent adjustment, which took effect from March 19.Payable Amount (Principal + Profit ) On Investment of Every Rs.100,000
First year Rs112,000
2 Years Rs125,000
3 years Rs139,000
4 years Rs155,000
5 Years Rs175,000
6 Years Rs200,000
7 Years Rs230,000
8 Years Rs265,000
9 Years Rs308,000
10 Years Rs363,000
Defence Savings Certificates Tax/Zakat Deduction
The taxes and Zakat are deducted on the profits in line with the policy of the State Bank of Pakistan.[embedpost slug = "/qaumi-bachat-bank-new-profit-rate-for-behbood-certificates-march-19/"]
