[ GENERAL QURIES ]
Q.1 Can I deposit profit cheque into my account with any
scheduled bank? If not, then how can I withdraw my profit without coming to
Unlike cheques of banks, the Profit coupons/withdrawal slips of NSS are not
negotiable instruments, hence not acceptable by banks. The profit accrued
on BSC only may, however, be collected through an agent duly authorized by
the certificate holder at his/her own risk and subject to the satisfaction
of the officer in charge.
Q.2 What is the standard procedure for encashment of certificate(s) in case of
death of certificate
Ans: Subject to the rules of the respective schemes, the nominee may opt for
encashment of the certificates or transfer of the same in his/her name,
however, in the former case the nominee shall be required to furnish;
application on plain paper containing three specimen signatures of
himself/herself duly verified to the satisfaction of the officer in
certificate of the deceased holder.
attested photocopies of CNICs of both the deceased holder and
case the certificates are intended to be transferred to nominee, an
application on SC-4 supported by relevant documents shall be
required in addition to above requirements.
Do the revised rates of profit on National Savings Scheme automatically
apply to the investment made prior to such revision?
Q.4 Are new rates automatically made applicable on the existing
National Savings Schemes (NSS) except Savings Account are term/fixed
deposits; hence, the agreement made at the time of investment remains valid
upto the maturity of that particular deposit. Any change in profit either
upwards or downwards on later issues doesn’t affect the existing
investments. However, if any investor intends to avail new rates, he/she
can withdraw the investment and on payment of subject to nominal service
charges (if applicable) and then invest the same on new rates.
Q.5 Can widowers invest in Bahbood Savings Certificates?
at present the widowers cannot invest in Bahbood Savings Certificates.
However, after attaining 60 years of age, they become automatically eligible
being senior citizens.
Q.6 Who are eligible to invest in Bahbood Savings Certificates?
widows and the senior citizens aged 60 years or above can invest in Bahbood
Q.7 Is investment made in National Savings Schemes secure?
the investment made in National Savings Schemes (NSS) is fully guaranteed by
the Government of Pakistan.
Q.8 What is the difference between Joint-A and Joint-B type investment?
National Savings Schemes provide the facility of joint investment upto two
persons. There are two different types i.e. Joint-A and Joint-B. In case
of Joint-A deposits, the encashment is given only after having the
signatures of both the investors; while in case of Joint-B, either of the
investors can withdraw/encash the principal under his/her own signatures
Investment From Abroad
Prize Bonds &
Payment of Prize Money