ISLAMABAD – Central Directorate of National Savings has recently revised profit rates of various products offered by the Qaumi Bachat Bank, including Pensioners Benefit Account.

With effect from March 19, 2024, the rate of return on the Pensioners Benefit Account has been increased to 15.60 percent from previous rate of 15.36%. Now the holder of this account will receive Rs1,300 on Rs100,000 investment per month.

To address the plight of pensioners and to ensure a stable income after retirement, the Govt. introduced the scheme of Pensioner Benefit Account (PBA) is maintained in the form of an Account where profits are paid on monthly basis for a 10 year maturity period.

Who Can Invest?

The pensioners of federal government, provincial governments, government of Azad Jammu & Kashmir, armed forces, semi-government and autonomous bodies and in case of the death of a pensioner their eligible family member can invest in PBA.

The minimum deposit limit is Rs10,000 while a customer can invest up to Rs7,500,000 in the pensioners account.

Qaumi Bachat Bank Profit Rate on Pensioners Benefit Account March 2024

The Qaumi Bachat Bank or National Savings has increased the profit rate to 15.60% with effect from March 19. Previously, the profit rate was stood at 15.36% or Rs1280 on investment of Rs100,000 per month.

From March 19, the customers of Pensioners Benefit Account can earn Rs1,300 profit on each Rs100,000 investment per month.