Profit Rate
Chart for Regular Income Scheme
The
scheme of Regular Income Certificates was introduced in 1993. This
scheme has been specifically designed to meet the requirements of
pensioners, widows, orphans etc. These certificates are available in
the denominations of Rs. 50,000, 100,000, 500,000, 1,000,000,
5,000,000 and Rs. 10,000,000/-
Profit
amount payable on investment of Rs. 100,000/= on monthly basis is
as per following rates:
On
Certs.
Purchased from
02-02-93 to
20-03-95 |
On
Certs.
Purchased from
21-03-95 to
12-11-96 |
On
Certs.
Purchased
from
13-11-96 to
06-01-97 |
On
Certs.
Purchased
from
07-01-97 to 13-05-99 |
On
Certs.
Purchased
from
14-05-99 to
31-12-99 |
On
Certs.
purchased
from
01-01-00 to 30-6-00 |
On
Certs.
purchased
from
01-07-00 to 30-06-02 |
|
1150.00 |
1220.00 |
1300.00 |
1500.00 |
1333.00 |
1166.66 |
1040.00 |
On
Certs.
purchased
from
01-07-2002 to
31-12-2002 |
On
Certs.
purchased
from
01-01-2003 to
30-06-2003 |
On
Certs.
purchased
from
01-07-2003 to
31-12-2003 |
On
Certs.
purchased
from
01-01-2004 to
30-06-2004 |
On
Certs.
purchased
from
01-07-2004 to
30-06-2005 |
On
Certs.
purchased
from
01-07-2005 to date |
|
|
880.00 |
760.00 |
640.00 |
580.00 |
570.00 |
740.00 |
|
|
Profit under these certificates is subject to 10% withholding tax.
However, investment is these certificates is exempt from compulsory
deduction of Zakat at source. No further profit is paid on undrawn
profit(s) in this scheme. The premature encashment of the
certificate(s) purchased on or after 15-05-1999, entails service
charges as per following schedule:-
If encashed before completion of one year 4% of principal
If encashed before completion of two years 3% of principal
If encashed before completion of three years 2% of principal
If encashed before completion of four years 1% of principal |
|
