Latest profit rates national savings schemes

 If you are looking for a safe and profitable way to invest your money, you might want to consider the national savings schemes offered by the Central Directorate of National Savings (CDNS) in Pakistan. These schemes are backed by the government and offer attractive profit rates that are revised periodically to reflect the market conditions.

In this blog post, we will give you an overview of the latest profit rates on different national savings schemes as of April 2023. We will also explain the features and benefits of each scheme and how you can invest in them.

## Behbood Savings Certificates

Behbood Savings Certificates are designed for senior citizens, widows and disabled persons who need a regular source of income. The minimum investment amount is Rs. 50,000 and the maximum is Rs. 50 million. The certificates have a maturity period of 10 years and pay monthly profits at a rate of 11.28% per annum. The certificates can be purchased from any national savings center or designated branches of commercial banks.

## Pensioner Benefit Accounts

Pensioner Benefit Accounts are similar to Behbood Savings Certificates, but they are meant for retired government employees, retired armed forces personnel and retired employees of autonomous bodies who receive pensions from the government. The minimum investment amount is Rs. 10,000 and the maximum is Rs. 10 million. The accounts have a maturity period of 10 years and pay monthly profits at a rate of 11.28% per annum. The accounts can be opened at any national savings center or designated branches of commercial banks.

## Shuhada Family Welfare Account

Shuhada Family Welfare Account is a special scheme for the families of martyrs who sacrificed their lives for the country. The minimum investment amount is Rs. 100 and there is no maximum limit. The account has a maturity period of 10 years and pays monthly profits at a rate of 11.28% per annum. The account can be opened at any national savings center or designated branches of commercial banks.

## Defence Savings Certificates

Defence Savings Certificates are long-term savings instruments that offer capital protection and high returns. The minimum investment amount is Rs. 500 and there is no maximum limit. The certificates have a maturity period of 10 years and pay biannual profits at a rate of 9.51% per annum. The certificates can be purchased from any national savings center or designated branches of commercial banks.

## Regular Income Certificates

Regular Income Certificates are another option for investors who want a steady income stream. The minimum investment amount is Rs. 50,000 and the maximum is Rs. 50 million. The certificates have a maturity period of 5 years and pay monthly profits at a rate of 9% per annum. The certificates can be purchased from any national savings center or designated branches of commercial banks.

## Special Savings Certificates/Accounts

Special Savings Certificates/Accounts are suitable for investors who want to save for a specific goal or occasion. The minimum investment amount is Rs. 500 and there is no maximum limit. The certificates/accounts have a maturity period of 3 years and pay biannual profits at an average rate of 8.50% per annum (8.40% for the first five profits and 9% for the sixth profit). The certificates can be purchased from any national savings center or designated branches of commercial banks, while the accounts can be opened at any national savings center.

## Short Term Savings Certificates

Short Term Savings Certificates are ideal for investors who want to park their funds for a short duration and earn competitive returns. The minimum investment amount is Rs. 1,000 and there is no maximum limit. The certificates have a maturity period of 3 months, 6 months or 12 months and pay profits at maturity at a rate of 6.80%, 7% or 7.35% per annum respectively. The certificates can be purchased from any national savings center or designated branches of commercial banks.

## Savings Account

Savings Account is a basic savings product that offers convenience and flexibility to depositors. The minimum investment amount is Rs. 100 and there is no maximum limit. The account pays quarterly profits at a rate of 5.50% per annum on daily balance basis. The account can be opened at any national savings center.

We hope this blog post has given you some useful information about the latest profit rates on national savings schemes and how you can invest in them according to your needs and preferences. 

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