Keeping in view the hardships faced by the widows and senior citizens, this ten years' maturity scheme was launched by the Government on 1st July, 2003.  Initially the scheme was meant for widows only, however, the Govt. later decided to extend the facility for senior citizens aged 60 years and above with effect from 1st January, 2004. These certificates are available in the denominations of Rs.5,000/-, Rs.10,000/-, Rs.50,000/-, Rs.100,000/-, Rs.500,000 and 10,00000/-. Profit is paid on monthly basis reckoned from the date of purchase of the certificates. 



Who Can Invest .

Only Pakistani widows and senior citizens aged 60 years and above are eligible to invest. 

How To Purchase.

These certificates can only be purchased from the National Savings Centre (NSCs) by filling in a prescribed form called SC-1, which is available at the offices of issue free of cost. A copy of the Computerized National Identity Card (CNIC) and necessary evidence regarding eligibility is required to be attached with the application form. To download application form in editable Adobe Acrobat format, please click here.

Mode of Deposit.

The certificates can be purchased by depositing cash at the issuing office or by presenting a cheque. The certificates shall immediately be issued on receipt of cash. However, in case of deposit through cheque the certificates shall have the effect from the date of realization of the cheque after receipt of the clearance advice.

What Is The Investment Limit.

The minimum investment limit in this scheme is Rs.5,000/-, whereas, the maximum limit is Rs.3,000,000/-. Investment in allowed in multiple of Rs.5,000/-.

What About Redemption.

The certificates can be encashed any time after issuance subject to deduction of service charges at the following rates:

if encashed before completion of one year from the date of purchase.

  @ 1.00%
  of the face value

if encashed after one year but before completion of 02 years from the date of purchase.

  @ 0.75%
  of the face value

if encashed after two years but before completion of 03 years from the date of purchase.

  @ 0.50%
  of the face value

if encashed after three years but before completion of 04 years from the date of purchase.

  @ 0.25%
  of the face value

if encashed after completion of 04 years

No service charges

Further, certificates purchased on or after 15-11-2010 can not be automatically reinvested. However, other better options are available for investment in National Savings Schemes.


The encashment of certificate(s) may be allowed through a person duly authorized (in writing) by the investor on an authority letter under his / her signature provided that:--

(a). the signatures of the authorized person are attested by the investor on the letter of authority;

(b). the Officer Incharge of the NSC is personally satisfied that the authorized person is genuine and the certificate(s) is / are properly discharged under genuine signatures and both the signatures i.e. on the back of the certificate(s) and the letter of authority tally 100% with the specimen on the investor available on the record.

(C). The receipt of the amount is got acknowledged from the authorized person on the reverse of certificate(s) personally by the Centre Incharge.


What is the return..

At the prevailing rates monthly profit of Rs.900/- is paid on investment of each Rs.100,000/-. This way the profit rate works to 10.80% p.a. Automatic reinvestment of profit facility to earn further profit is not admissible in this scheme at the scheme's rate. The monthly profit, if not drawn on due date shall not earn further profit.

Tax & Zakat Status.

The withholding tax is not collected on the profit earned on these certificates. The investment made in this scheme is also exempt from Zakat.


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