{"id":53794,"date":"2024-10-24T16:14:35","date_gmt":"2024-10-24T11:14:35","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=53794"},"modified":"2024-10-24T16:14:35","modified_gmt":"2024-10-24T11:14:35","slug":"pensioner-benefit-account-latest-profit-rates-announced","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/pensioner-benefit-account-latest-profit-rates-announced\/","title":{"rendered":"Pensioner Benefit Account: Latest profit rates announced"},"content":{"rendered":"<p>ISLAMABAD: The Pakistani government has introduced the <a href=\"https:\/\/dailyausaf.com\/en\/latest-news\/subramaniam-iswaran-is-accused-of-receiving-more-than-s160000-in-gifts\/\">Pensioner Benefit Account<\/a> (PBA), a specialized savings initiative designed to provide a stable monthly income to retired employees from various government sectors.<\/p>\n<p>Eligible individuals include pensioners and their families, in case of the <a href=\"https:\/\/dailyausaf.com\/en\/business\/sindh-abolishes-monthly-pensions-for-new-employees-details-inside\/\">pensioner&#8217;s death<\/a>, from federal, provincial, Azad Jammu &amp; Kashmir, armed forces, semi-government, and autonomous bodies.<\/p>\n<h2><a href=\"https:\/\/dailyausaf.com\/en\/business\/qaumi-bachat-bank-savings-account-latest-profit-rate-for-october-2024\/\">How to Invest in a Pensioner Benefit Account\u00a0<\/a><\/h2>\n<p>To invest in a PBA, individuals must meet the minimum investment requirement of Rs 10,000, with a maximum limit of Rs 7,500,000. Investors can make up to seven subsequent deposits; however, no more than eight deposits are allowed, and only one account is permitted per person across Pakistan.<\/p>\n<h2><a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/sindh-govt-approves-new-pension-scheme-heres-all-you-need-to-know\/\">Profit Rate for Pensioner Benefit Account from Oct 2024<\/a><\/h2>\n<p>The PBA offers several attractive benefits, including a stable monthly income through profits earned every month for a 10-year maturity period. Currently, the account holders can earn a profit rate of 14.16% or Rs 1,180 on every Rs 100,000 investment.<\/p>\n<p>Additionally, profits earned on PBA deposits are exempt from withholding tax, and investments made in this account are also exempt from Zakat.<\/p>\n<p>Recently, the Savings Directorate revised the profit rate for various products, including the PBA. This revision aims to ensure that retired employees continue to benefit from attractive returns on their investments.<\/p>\n<p>By investing in a PBA, retired employees can secure a stable financial future and enjoy attractive profits without worrying about taxes or Zakat deductions.<\/p>\n<p>Overall, the Pensioner Benefit Account provides a secure and attractive savings option for retired employees, helping them maintain financial stability during their golden years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Pakistani government has introduced the Pensioner Benefit Account (PBA), a specialized savings initiative designed to provide a stable monthly income to retired employees from various government sectors. Eligible individuals include pensioners and their families, in case of the pensioner&#8217;s death, from federal, provincial, Azad Jammu &amp; Kashmir, armed forces, semi-government, and autonomous bodies. [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":53798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[23316,23317],"class_list":["post-53794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","tag-pensioner-benefit-accountpba","tag-qaumi-bachat-bank-latest-profit-rate"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/53794","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=53794"}],"version-history":[{"count":2,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/53794\/revisions"}],"predecessor-version":[{"id":53799,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/53794\/revisions\/53799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/53798"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=53794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=53794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=53794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}