KARACHI – The Central Directorate of National Savings or Qaumi Bachat has once again decreased the profit rate on Regular Income Certificates following a cut in interest rate by the State Bank of Pakistan.
The Pakistani government launched the Regular Income Certificates (RICs) with a maturity period of five years in 1993 to cater the monthly requirements of the general public.
The certificates can be purchased in the denominations of Rs. 50,000, Rs. 100,000, Rs. 500,000, Rs. 1,000,000, Rs.5,000,000 and Rs.10,000,000.
The Qaumi Bachat Bank offers profit on the Regular Income Certificates on monthly basis starting from the date of issue of certificates.
Regular Income Certificates New Profit Rate
The National Savings has fixed the profit rate for Regular Income Certificates at 11.52 percent.
The investors will receive Rs960 per month in wake of profit as compared to previous Rs979 per month on each Rs100,000 investment.
Zakat Deduction
The investment made in Regular Income Certificates is exempted from Zakat Deduction.
The directorate has also slashed the profit rates of others certificates such as Behboob Savings Certificates, Defence Certificates and Special Savings Certificates.
The Defence Certificates are offered as an option of investment for a period of 10 years to the Pakistani citizens.
All Pakistani nationals as well as overseas Pakistanis are eligible to buy the certificates. An adult can also purchase DSC on behalf of a single minor, two minors jointly or as a joint with a minor.
The certificates can be purchased from any National Savings Centre (NSC) by filling in the SC-I (Application Form) which available free of cost from all the above issuing offices.
National Savings new profit rate for Defence Certificates after cut in May 2025
