ISLAMABAD: The National Savings or Qaumi Bachat Bank has announced a reduction in the profit rates for several savings schemes, including the Special Savings Certificates after Pakistan’s inflation rate dropped to single digits. This move impacts small and medium-range investors who rely on these investment options. The Special Savings Certificates, introduced to provide bi-annual returns … Read more
Qaumi Bachat Bank increases profit rates for regular income certificates to 14.76% per year. Investors can enjoy a monthly profit of Rs. 1,230 per Rs. 100,000 invested. Investments in regular income certificates are exempt from the Zakat deduction. Qaumi Bachat Bank has recently announced an update regarding the profit rates for its Regular Income Certificates … Read more
The National Savings, also known as ‘Qaumi Bachat Bank,’ provides an attractive investment opportunity for the public looking to receive monthly returns on their investments. To cater to the monthly needs of the public, the government introduced Regular Income Certificates (RICs) with a five-year maturity period in February 1993. These certificates are available in denominations … Read more
