The National Savings or Qaumai Bachat Bank decreased profit rate on Behbood Savings Certificates and others in May 2024 amid ease in inflation rate.

The Behbood certificates were launched by the government in 2003 keeping in view the difficulties faced by widows and the elderly as it offers monthly profit at reasonable rate.

On May 14, the government decreased the profit rates on Behbood Certificates to 15.36% or Rs1,280.

In 2004, the scheme was extended to disabled persons and special minors with disability through their guardians.

The Behbood Savings Certificates are available in the denominations of Rs5, 000, Rs10,000, Rs50,000, Rs 100,000, Rs500,000 and Rs1,000,000.

Profit is paid on monthly basis started from the date of purchase of the certificates.

Who Can Purchase Certificates?

BSCs can be purchased by any of the following Citizens of Pakistan, namely:

(a)A senior citizen aged sixty years or above

(b)A single widow as long as she does not re-marry

(c)Two eligible persons as in clause (a) and (b) in their joint names

(d) Disables holding NIC with Disability logo, and special minor through a Guardian.

Investment Limit

The minimum investment limit stands at Rs5,000 while a single person can make a maximum investment of Rs7.5 million while the limit is Rs15 million for joint investors.

Behbood Savings Certificates Profit Rate in June 2024

The government has fixed the new profit rate on Behbood Savings Certificates at 15.36% or Rs1,280 on each Rs100,000 investment.

Withholding tax is not collected on the profit earned on BSCs. Investments made in the BSC are also exempted from Zakat collection.