The National Savings or Qaumai Bachat Bank introduced the Bahbood Savings Certificates (BSCs) in 2003 to support widows and the elderly by offering a monthly profit at a reasonable rate.

This scheme has become one of the most attractive investment options for these groups in Pakistan due to its competitive profit rates.

On May 14, 2024, the government revised the profit rates on Bahbood Certificates to 15.36%, translating to a monthly profit of Rs1,280 per Rs100,000 investment.

Originally designed for widows and senior citizens, the scheme was extended in 2004 to include disabled persons and special minors through their guardians. BSCs are available in various denominations, ranging from Rs5,000 to Rs1,000,000, with profits paid monthly from the date of purchase.

Eligibility for Purchasing Certificates

• Senior citizens aged sixty years or above
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• Single widows, as long as they do not remarry
• Joint names of two eligible persons as in the above categories
• Disabled individuals with a NIC featuring the disability logo, and special minors through a guardian

Investment Limits

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• Minimum investment: Rs5,000
• Maximum investment for a single person: Rs7.5 million
• Maximum investment for joint investors: Rs15 million

Profit Rate in August 2024

As of August 2024, the profit rate on Bahbood Savings Certificates remains unchanged at 15.36%, with a monthly profit of Rs1,280 per Rs100,000 investment. Additionally, the profit earned on BSCs is exempt from withholding tax, and investments are exempt from Zakat collection.

Bahbood Savings Certificates continue to provide a reliable and profitable investment avenue for widows, the elderly, and disabled individuals, ensuring financial security and regular income.

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