National Savings New Profit Rates From 10-12-2024

National Savings Pakistan's New Profit Rates Effective from 19-08-2024

1. Introduction to National Savings New Profit Rates**

   - Overview of the new profit rates and their effective date: 19th August 2024. A brief introduction to the changes in various savings schemes.

2. Special Savings Certificate/Account**

   - 6-Month Profit Rates:

     - Rs.7,750/- per 100,000 (15.5% per annum)

     - Rs.8,250/- per 100,000 (16.5% per annum)

   - Profit Payment Frequency:

     - Paid after every six months

   - Tax and Zakat:

     - Subject to withholding tax (Filer 15% / Non-Filer 35%) & Zakat 2.5%

3. Defence Savings Certificate Rates (No Change)

   - Profit Percentage by Year:

     - Year 01: 12%

     - Year 02: 25%

     - Year 03: 39%

     - Year 04: 55%

     - Year 05: 75%

     - Year 06: 100%

     - Year 07: 130%

     - Year 08: 165%

     - Year 09: 206%

     - Year 10: 257%

   - Tax and Zakat:

     - Subject to withholding tax (Filer 15% / Non-Filer 35%) & Zakat 2.5%

4. Regular Income Certificate (No Change)

   - Monthly Profit:

     - Rs.1,220/- per month on Rs.100,000 (14.64% per annum)

   - Tax Deduction:

     - Subject to withholding tax (Filer 15% / Non-Filer 35%)

5. Behbood Savings Certificate (No Change)

   - Eligibility:

     - For widows, senior citizens, and physically challenged persons

   - Monthly Profit:

     - Rs.1,280/- per month on Rs.100,000 (15.36% per annum)

   - **Limits:**

     - Minimum: Rs.5,000

     - Maximum: Rs.7,500,000

6. *Pensioner's Benefit Account (No Change)**

   - **Eligibility:**

     - For retired government employees

   - **Monthly Profit:**

     - Rs.1,280/- per month on Rs.100,000 (15.36% per annum)

   - **Limits:**

     - Minimum: Rs.10,000

     - Maximum: Rs.7,500,000

7. **Shuhadas Family Welfare Account (SFWA) (No Change)**

   - **Eligibility:**

     - For the families of Shuhadas

   - **Monthly Profit:**

     - Rs.1,280/- per month on Rs.100,000 (15.36% per annum)

   - **Limits:**

     - Minimum: Rs.10,000

     - Maximum: Rs.7,500,000

8. **Short-Term Savings Certificates (STSC)**

   - **3-Months STSC:**

     - Rs.4,750/- per 100,000

   - **6-Months STSC:**

     - Rs.9,460/- per 100,000

   - **1-Year STSC:**

     - Rs.17,560/- per 100,000

   - **Tax Deduction:**

     - Subject to withholding tax (Filer 15% / Non-Filer 35%)

9. **Saving Account Profit Rate (No Change)**

   - **Annual Profit Rate:**

     - 19% per annum

   - **Tax and Zakat:**

     - Subject to withholding tax (Filer 15% / Non-Filer 35%) & Zakat 2.5%

10. **Sarwa Islamic Term Account (SITA)**

    - **1 Year (Profit at Maturity):**

      - Annual Expected Profit: Rs.17,580/- per 100,000 (17.58% per annum)

    - **3 Years (Bi-Annual Profit Payment):**

      - Annual Expected Profit: Rs.7,500/- per 100,000 (15.0% per annum)

    - **5 Years (Monthly Profit Payment):**

      - Annual Expected Profit: Rs.1,200/- per 100,000 (14.40% per annum)

    - **Tax and Zakat:**

      - Subject to withholding tax (Filer 15% / Non-Filer 35%), Zakat & Service Charges

11. **Sarwa Islamic Saving Account (SISA) (No Change)**

    - **Annual Profit Rate:**

      - 19% per annum

    - **Profit Payment:**

      - Monthly

    - **Tax and Zakat:**

      - Subject to withholding tax (Filer 15% / Non-Filer 35%) & Zakat 2.5%

12. **Conclusion and Important Notes**

    - **Summary of Key Changes:**

      - Recap of the updated rates and changes in different savings schemes.

    - **Tax and Zakat Information:**

      - Importance of understanding tax and Zakat deductions on profits.

    - **Contact Information:**

      - Where to get more information and assistance regarding National Savings schemes.