ISLAMABAD: The Central Directorate of National Savings offers an excellent avenue for investment in the short term savings carrying reasonable profit rates.
It was due to this reason that Short Term Savings Certificates were introduced in 2012, carrying short-term maturity periods of 3 months, 6 months, and 1 year to meet the short-term funding requirements of investors.
These certificates are pledge-able and open to all Pakistani Nationals and Overseas Pakistanis, having minimum investment requirement of Rs. 10,000 without any maximum limit.
Profit rates were revised in December 2024 and remain valid. For instance, the three-month maturity period now carries a profit rate of 12.76%, or Rs3,190 on an investment of Rs100,000, compared with 14.32% or Rs3,580 earlier.
The six-month maturity period has been fixed at a profit rate of 12.74%, or Rs6,370 as against the previous 13.46% or Rs6,730. The maturity period of 12 months carries a profit rate of 12.38%, or Rs12,380.
It is pertinent to mention here that the profit rates are after deductions. An investor, who is an active member of the Active Taxpayer List, will have a 15% withholding tax on the total amount of profit; otherwise, 30% of yield or profit will be charged on his amount, irrespective of the date or investment amount.
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