As of September 2024, the National Savings or Qaumai Bachat Bank has confirmed that the profit rate on Behbood Savings Certificates (BSCs) remains unchanged at 15.36%. Investors continue to receive a stable monthly return of Rs1,280 for every Rs100,000 invested, making this scheme a dependable choice for those seeking reliable income.
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About Behbood Savings Certificates
Introduced in 2003, Behbood Savings Certificates were designed to support widows, senior citizens, disabled individuals, and special minors. Over the years, the scheme has expanded to include various vulnerable groups, ensuring financial stability for many. The government last updated the profit rates on May 14, fixing them at the current rate of 15.36%.
Investment Details
- Profit Rate: The rate stands at 15.36% or Rs1,280 per Rs100,000 investment.
- Tax Benefits: Profits are exempt from withholding tax and Zakat collection, enhancing the attractiveness of the scheme.
- Denominations: Available in Rs5,000, Rs10,000, Rs50,000, Rs100,000, Rs500,000, and Rs1,000,000.
Eligibility and Purchase Limits
Behbood Savings Certificates can be purchased by:
- Senior citizens aged 60 or older.
- Single widows who have not remarried.
- Disabled persons with an NIC showing the disability logo.
- Special minors through their guardians.
- Joint accounts involving eligible individuals.
Investment Limits
- Individual: Up to Rs7.5 million.
- Joint Accounts: Up to Rs15 million.
The certificates pay out profits monthly from the date of purchase, making them a favored option among eligible investors due to their tax exemptions and competitive profit rates.
Further Information
For more details and to make investments, visit the official website or contact the nearest National Savings office.
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