{"id":30371,"date":"2024-03-22T15:36:15","date_gmt":"2024-03-22T10:36:15","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=30371"},"modified":"2024-03-22T15:38:33","modified_gmt":"2024-03-22T10:38:33","slug":"qaumi-bachat-bank-defence-savings-certificates-new-profit-rate-march-2024","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/qaumi-bachat-bank-defence-savings-certificates-new-profit-rate-march-2024\/","title":{"rendered":"Qaumi Bachat Bank Defence Savings Certificates new profit rate (March 2024)"},"content":{"rendered":"

KARACHI: With effect from March 19, 2024, the National Savings or Qaumi Bachat Bank has modified the profit rate on a number of investment certificates.<\/p>\n

Defence Savings Certificate profit rates have been maintained at 14.1 percent after three downward revisions in the previous two months.<\/p>\n

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.<\/p>\n

Read More: Qaumi Bachat Bank new profit rate for Behbood Certificates \u2013 March 19<\/a><\/strong><\/em><\/p>\n

Defence Savings Certificates Profit Rate ( March 19, 2024)<\/h2>\n

The profit rate for Defence Savings Certificates stands unchanged at 14.1% after latest revision, which came into effect from March 19.<\/p>\n

\n
<\/div>\n<\/div>\n

Payable Amount (Principal + Profit ) On Investment of Every Rs.100,000<\/strong><\/p>\n

First year\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Rs112,000<\/p>\n

2 Years\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Rs125,000<\/p>\n

3 years\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Rs139,000<\/p>\n

4 years\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Rs155,000<\/p>\n

5 Years\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Rs175,000<\/p>\n

6 Years\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Rs200,000<\/p>\n

7 Years\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Rs230,000<\/p>\n

8 Years\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Rs265,000<\/p>\n

9 Years\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Rs308,000<\/p>\n

10 Years\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Rs363,000<\/p>\n

Defence Savings Certificates Tax\/Zakat Deduction<\/h2>\n

The taxes and Zakat are deducted on the profits in line with the policy of the State Bank of Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"

KARACHI: With effect from March 19, 2024, the National Savings or Qaumi Bachat Bank has modified the profit rate on a number of investment certificates. Defence Savings Certificate profit rates have been maintained at 14.1 percent after three downward revisions in the previous two months. Both Pakistanis living abroad and natives of Pakistan can obtain […]<\/p>\n","protected":false},"author":9,"featured_media":30373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,21,2],"tags":[13700,12460,13650],"class_list":["post-30371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","category-news","category-pakistan","tag-defence-savings-certificates","tag-qaumi-bachat-bank","tag-qaumi-bachat-bank-profit-rate"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/30371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=30371"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/30371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/30373"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=30371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=30371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=30371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}