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March 22, 2024. Business, Latest News, News, Pakistan. KARACHI: With effect from March 19, 2024, the National Savings or Qaumi Bachat Bank has modified the profit rate on a number of investment certificates. Defence Savings Certificate profit rates have been maintained at 14.1 percent after three downward revisions in the previous two months.
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National Saving Pakistan (Qaumi Bachat Bank) Profit Rates 2024 on All Schemes National saving Pakistan (Qaumi Bachat Bank) is the most popular financial institute in Pakistan. Its schemes are the first choice of Pakistani public. They have great trust in National Savings Pakistan, now it also going to get the status of a bank.
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LAHORE - The National Savings or Qaumi Bachat Bank has revised the profit rate for various products to attract more investment from Pakistani national and overseas Pakistanis. However, the profit rate for Savings Account has been kept unchanged at 20.50 percent since October 2023. The Savings Account can be opened by Pakistani nationals as well […]
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The profit rate for SSC has gone up by 20 bps to 15.8 percent, while SA stays the same at 20.5 percent. On the other hand, the profit rate for STSC has dropped by 76 bps to 19 percent. For BSC, PBA, and SFWA, profit rates have increased by 24 bps to 15.6 percent each. Meanwhile, DSC, SITA, and SISA remain unchanged at their current rates of 14..
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In a recent update, the National Savings or Qaumi Bachat Bank has adjusted the profit rates for Behbood Savings Certificates, impacting individuals who rely on this scheme for financial support. The government, for the third time in the past few months, has revised the profit rates, and the new rate of 15.36% will be effective from February 21.
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Behbood Savings Certificates were launched in 2003 by the National Savings, commonly known as Qaumi Bachat Bank, to assist widows and senior citizens by giving them monthly profits at fair rates. For the third time in a short period of time, the government has recently reduced the profit rates for Behbood Certificates; as of February 21, 2024.
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Islamabad, 44000, Pakistan UAN. [email protected]. (051) 111 267 268. ATTENTION ! Latest profit rates w.e.f 19-March-2024 Bahbood Savings Certificates 15.60%, Defence Savings Certificates 14.1%, Special Savings Certificates: First 5 profits =15.9%, 6th Profit = 16.6%, Regular Income Certificates 14.76%, Short Term Savings Certificates 3M=19..
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The National Savings, also known as Qaumi Bachat Bank, introduced Behbood Savings Certificates in 2003 to support widows and elderly individuals by providing them with monthly profits at reasonable rates.. Recently, the government has lowered the profit rates for Behbood Certificates for the third time in a few months, and as of February 21, 2024, it stands at 15.36%.
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The profit rate for six-month maturity category stands at 20.3 or Rs10,150 per Rs100,000. Similarly, the Qaumi Bachat Bank offers 20.34% profit or Rs20,340 per Rs100,000 on Short Term Savings Certificates with one year majority.
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Specifically focusing on the Qoumi Bachat Scheme, the interest rate on Special Saving Certificates has seen an increase of 20 basis points, reaching 15.8%. Similarly, the benefits on Saving Account have been set at 20.5%, providing savers with more attractive returns.
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The new policy stipulates a 16% per-year profit rate for the first five months, increasing to 16.6% for the sixth month. Investors can now earn Rs. 8,000 per Rs. 100,000 for each six months in the initial five months and Rs. 8,300 per Rs. 100,000 for the sixth month, enhancing the attractiveness of the Special Savings Certificates investment.
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KARACHI - The Central Directorate of National Savings (CDNS) has once again revised the rates of return on various schemes offered by the National Savings or Qaumi Bachat Bank. The third downward revision in last two months saw a cut of up to 72 basic points. The profit rate of Defence Savings Certificates, according to […]
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The National Savings or Qaumi Bachat Bank has updated the interest rate on various investment certificates effective from March 19, 2024. 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.
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