The government introduced the Defense Savings Certificates (DSCs) program in 1966 to meet the financial demands of long-term investors and give them the chance to get the most out of their savings.
The Qaumi Bachat Center, also known as National Savings, last adjusted the profit rate of different investment certificates, including DSCs, on May 14, 2024, setting the profit rate at 14.39 peren
Both Pakistanis living abroad and natives of Pakistan can obtain Defense Certificates. These certificates are available in amounts of Rs. 500, Rs. 1,000, Rs. 5,000, Rs. 10,000, Rs. 50,000, Rs. 100,000, Rs. 500,000, and Rs. 1,000,000. They have a ten-year maturity period.
Right Now’s Defense Savings Certificate Profit Rate
Following the most recent modification, which went into effect on May 14, the profit rate for Defense Savings Certificates is currently fixed at 14.39%.
Payable Amount (Principal + Profit) For Each Rs. 100,000 Invested
In the first year, Rs 112,000
For Two Years, Rs. 125,000
For three years, Rs139,000
Four years for Rs. 155,000
Over Five Years at Rs. 175,000
Six-Year Period: Rs 200,000
Seven Years at Rs. 230,000
For eight years, Rs 265,000
Over a period of nine years, Rs308,000
Over a ten-year period, Rs363,000
Zakat and Defense Savings Certificate Tax Deduction
As per the State Bank of Pakistan’s policy, taxes and Zakat are subtracted from profits. There is a fixed 15% withholding tax for filers and a 30% withholding tax for non-fielders.
July 2024 Expected Profit Rate
It is anticipated that in July 2024, the profit rate on Defense Savings Certificates would stay same at 14.39%.
