Savings
Bank
* Profit
Rate Chart for Defence Saving Certificates
The Finance
Division, Govt. of Pakistan has reviewed the rate of return on National
Savings schemes. According to the notification dated 01-07-2004, the
return on Defence Savings Certificates has been fixed as given in table
below, for the certificates issued during the period from 01-07-2005
to 31-12-2005 (Issue VIII). The Defence Savings Certificates
purchased prior to the above said notification shall earn profit at the
rate prevailing on the date of purchase. The year wise payable amount on
initial investment of Rs. 100 is given as under:
New rates
Applicable with Effect From 01-07-2005
|
1 Year |
2 Years |
3 Years |
4 Years |
5 Years |
6 Years |
7 Years |
8 Years |
9 Years |
10 Years |
|
105.00 |
112.00 |
119.00 |
128.00 |
138.00 |
150.00 |
163.00 |
183.00 |
211.00 |
247.00 |
|
Amount
(including profit) payable on the investment of every Rs. 100/- purchased
on different dates shall be as under:
|
Amount payable on completion of |
On certificates purchased from 25/11/93 to 12/11/96 |
On certificates purchased from 13/11/96 to 13/05/99 |
On certificates purchased from 14/05/99 to 31/12/99 |
On certificates purchased from 01/01/2000 to 30/06/2000 |
On certificates purchased from 01/07/2000 to 30/06/2001 |
On certificates purchased from
01-07-2001 to
31-12-2001 |
|
Ist Year
|
113.00
|
114.50
|
112.00
|
111.00
|
109.00
|
110.00
|
|
2nd Year
|
128.00
|
132.00
|
130.00
|
128.00 |
121.00
|
123.00
|
|
3rd Year
|
147.00
|
153.00
|
150.00
|
146.00 |
138.00
|
142.00
|
|
4th Year
|
170.00
|
178.00
|
172.00
|
166.00 |
157.00
|
162.00
|
|
5th year
|
198.00
|
208.00
|
200.00
|
192.00 |
184.00
|
192.00
|
|
6th year
|
232.00
|
246.00
|
232.00
|
221.00 |
210.00
|
221.00
|
|
7th Year
|
272.00
|
294.00
|
270.00
|
253.00 |
238.00
|
254.00
|
|
8th Year
|
319.00
|
354.00
|
316.00
|
295.00 |
275.00
|
295.00
|
|
9th Year
|
375.00
|
429.00
|
380.00
|
352.00 |
322.00
|
348.00
|
|
10th Year
|
441.00
|
525.00
|
440.00
|
405.00 |
371.00
|
405.00
|
|
Amount payable on completion of |
On certificates purchased from
01-01-2002 to
30-06-2002 |
On certificates purchased from
01-07-2002 to
31-12-2002 |
On certificates purchased from
01-01-2003 to
30-06-2003 |
On certificates purchased from
01-07-2003 to
31-12-2003 |
On certificates purchased from
01-01-2004 to
30-06-2004 |
On certificates purchased from
01-07-2004 to
31-12-2004 |
|
Ist Year
|
109.00 |
107.00 |
106 |
105 |
104 |
104 |
|
2nd Year
|
121.00 |
115.00 |
113 |
111 |
109 |
109 |
|
3rd Year
|
138.00 |
124.00 |
121 |
118 |
114 |
115 |
|
4th Year
|
157.00 |
135.00 |
130 |
126 |
120 |
122 |
|
5th year
|
184.00 |
149.00 |
140 |
135 |
127 |
130 |
|
6th year
|
210.00 |
165.00 |
154 |
145 |
138 |
139 |
|
7th Year
|
238.00 |
186.00 |
171 |
157 |
150 |
150 |
|
8th Year
|
275.00 |
210.00 |
192 |
174 |
165 |
166 |
|
9th Year
|
322.00 |
250.00 |
222 |
197 |
188 |
189 |
|
10th Year
|
375.00 |
300.00 |
260 |
226 |
215 |
219 |
|
Zakat
shall be deducted only once at the time of actual encashment on the value
fallen due on the relevant valuation date i.e. (Ist Ramadhan) and not on
the continuous reinvestment after the maturity. A Zakat collection receipt
duly signed by the two officers is issued in token of the deduction of the
amount.
With Holding Tax: AS per directions of the Federal Government, the
tax on profit from investment made on or after the 1st July, 2002, shall
be deducted at source at the rate of Ten Percent (10%) of such profit if
such deposit exceeds Hundred and fifty Thousand Rupees (150,000).
* Courtesy:
National Savings Center official web site
