GOVERNMENT OF PAKISTAN

MINISTRY OF FINANCE

NATIONAL SAVINGS CENTRE

KAHROR PACCA
NATIONAL SAVINGS CENTRE KAHROR PACCA DUNIYA PUR ROAD TEHSIL KAHROR PACCA DISTRICT LODHRAN

REGULAR INCOME CERTIFICATES

Keeping in view the monthly requirements of the general public, this five years' maturity scheme was launched on 2nd February, 1993. These certificates are available in the denomination of Rs.50,000, Rs.100,000, Rs.500,000, Rs.1,000,000, Rs.5,000,000 & Rs.10,000,000/=. Profit is paid on monthly basis reckoned from the date of purchase of certificates.

Who Can Invest .

These certificates can be purchased by a single adult, a minor or two adults in their joint names with the options of payable to the holders jointly (Joint-A ) or payable to either (Joint-B). An adult can also purchase these certificates on behalf of a single minor, two minors jointly or himself/herself and a minor jointly. In addition to individual investors, the following institutions are also allowed to invest in the scheme:

  1. Registered Charities (Non-profit bodies).

  2. Public Sector Enterprises excluding Banks.

  3. Private Educational & Health Institutions.

  4. Employees Old Age Benefit Institutions (EOBIs).

  5. Private Corporate Sector registered with the SECP excluding Banks.

  6. Non-Bank Financial Institutions (NBFIs) excluding Insurance Companies.

How To Purchase

These certificates can be purchased from any National Savings Centre (NSC), Pakistan Post Offices (PPOs), State Bank of Pakistan (SBP) and authorized Scheduled Bank branches by filling in a prescribed form called SC-1, available at all the above offices of issue, free of cost, accompanied with a photocopy of the computerized National Identity Card (CNIC) or in case of overseas Pakistanis, a photocopy of National Identity Card for overseas Pakistanis (NICOP) or Pakistan Origin Card (POC) or in case of a minor, a photocopy of Form-B or Child Registration Certificates (CRC) or in case of a foreign national, a photocopy of the Passport. To download application form in editable Adobe Acrobat format, please click here.

Mode of Deposit

These certificates can be purchased by depositing cash at the issuing office or by presenting a cheque / draft. The certificates shall immediately be issued on receipt of cash. However, in case of deposit through cheque / draft, the certificates shall be issued from the date of realization of the cheque / draft after receipt of the clearance advice.

 What Is The Investment Limit.

The minimum investment limit is Rs.50,000/-, however, there is no maximum limit of investment in this scheme.


What About Redemption.

These certificates are encashable any time subject to deduction of service charges at the following rates:

if encashed before completion of one year from the date of purchase.

  @ 2.00%  of the face value

if encashed after one year but before completion of 02 years from the date of purchase.

  @ 1.50%   of the face value

if encashed after two years but before completion of 03 years from the date of purchase.

  @ 1.00%   of the face value

if encashed after three years but before completion of 04 years from the date of purchase.

  @ 0.50%   of the face value

If encashed after completion of 04 years from the date of purchase.

No service charges

             Note: A receipt of the service charges so deducted, duly signed by the officer incharge and the cashier,  shall be issued to the investor.

What is the return.

As per prevailing rates monthly profit of Rs.1000/- is paid on investment of each Rs.100,000/- made on or after 01.07.2009. This way the profit rate works to 12.00% p.a. However, the facility of automatic reinvestment of profit to earn further profit is not available in the scheme. 

Tax & Zakat Status.

The profit earned on these certificates is subject to deduction of 10% withholding tax at source.  However, the investment made in the scheme is exempt from deduction of Zakat.

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