Special Savings Certificates offered by National Savings, also known as Qaumi Bachat Bank, provide a reliable investment opportunity tailored for small to medium-range investors.

Launched to meet diverse financial needs, these certificates promise bi-annual returns over a three-year tenure.

Investors benefit from regular payouts every six months, ensuring a steady income stream. Recently, the government adjusted the profit rates, effective from May 14, 2024, to optimize returns in line with prevailing economic conditions.

Under the revised policy, investors can expect a profit rate of 15.6% per annum for the first five months, increasing to 16.6% for the sixth month. These rates make Special Savings Certificates an attractive choice for those seeking competitive returns on their investments.

However, it’s essential to consider tax implications. Filers listed in the Active Tax Payer List (ATL) are subject to a withholding tax of 15% on profits, regardless of investment date or amount. Non-filers face a higher withholding tax rate of 30%.

This investment avenue not only offers financial security but also ensures transparency through clear profit distribution and tax regulations.

For investors looking to diversify their portfolios with a stable and profitable asset, Special Savings Certificates present a compelling opportunity in the current economic landscape.

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