- Defence Savings Certificates offer 14.39% annual profit.
- 10-year investment term.
- Taxes apply on profits.
The Pakistani government introduced the Defence Savings Certificates (DSCs) decades ago to meet the financial needs of long-term investors, offering them significant benefits on their savings.
Recently, the National Savings or Qaumi Bachat Bank announced new profit rates for various investment certificates, including DSCs, in May 2024.
The profit rate for DSCs was set at 14.39 percent and remains unchanged since May 2024.
Both Pakistani nationals and overseas Pakistanis can invest in DSCs, which have a maturity period of 10 years and are available in denominations of Rs.500, Rs.1,000, Rs.5,000, Rs.10,000, Rs.50,000, Rs.100,000, Rs.500,000, and Rs.1,000,000.
DSCs Profit Rate From August 2024
The profit rate for DSCs is 14.39% for August. Below is the profit schedule:
| Years | Payable Amount (Principal + Profit) on Investment of Rs.100,000 |
| 1 | Rs.112,000 |
| 2 | Rs.125,000 |
| 3 | Rs.139,000 |
| 4 | Rs.155,000 |
| 5 | Rs.175,000 |
| 6 | Rs.200,000 |
| 7 | Rs.230,000 |
| 8 | Rs.265,000 |
| 9 | Rs.308,000 |
| 10 | Rs.363,000 |
DSCs Tax/Zakat Deduction
Taxes and Zakat are deducted from profits according to the policy of the State Bank of Pakistan.
The withholding tax rate is 15 percent for filers and 30 percent for non-filers.
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