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Qaumi Bachat Bank Special Savings Certificates Profit Rates – Feb 2024 Update

Qaumi Bachat Bank Special Savings Certificates Profit Rates – Feb 2024 Update

Qaumi Bachat Bank Special Savings Certificates Profit Rates – Feb 2024 Update

Qaumi Bachat Bank Special Savings Certificates Profit Rates – Feb 2024 Update

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The National Savings Bank, also known as ‘Qaumi Bachat Bank,’ stands as a prominent financial institution in Pakistan, dedicated to fostering financial inclusion and a savings culture.

Offering various products, including Defence Savings Certificates, Special Savings Certificates (SSCs), Behbood Savings Certificates, and Short-Term Savings Certificates, the bank provides an array of investment opportunities with attractive profit rates.

Among these offerings, the Special Savings Certificates (SSCs) have gained popularity since their launch on February 4, 1990.

Catering to the needs of small and medium-range investors, the SSCs provide a unique investment opportunity with bi-annual returns.

Available in denominations ranging from Rs. 500 to Rs. 1,000,000, the certificates have a three-year tenure, offering profit payouts every six months.

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Recent updates from January 26 have seen the National Savings Bank revise the profit rates, considering various factors.

The new policy stipulates a 16% per-year profit rate for the first five months, increasing to 16.6% for the sixth month. Investors can now earn Rs. 8,000 per Rs. 100,000 for each six months in the initial five months and Rs. 8,300 per Rs. 100,000 for the sixth month, enhancing the attractiveness of the Special Savings Certificates investment option.

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