Savings Account

Savings Account

Savings Account (SA) is the oldest/primeval offering of the National Savings with a product design to encourage the small savers to invest in a way that helps them meet their day-to-day financial needs. Savings Account gives a great facility to its investor for withdrawing the amount deposited three times a week.

The Savings Account can be opened by Pakistani Nationals as well as Foreign Nationals being a single adult or two adults jointly where the payments can be received either by the both jointly (Joint-A) or any one of the account holders (Joint-B). An adult can open a Savings Account on behalf of any minor under his/ her guardianship. Institutions may also invest their employees’ related funds such as pension, gratuity, superannuation, contributory provident fund and trusty fund etc.

The Savings Account can be opened at any National Savings Centre (NSC) and Pakistan Post Office (PPO) by filling in the DA-I (Application Form), available free of cost from all the above-mentioned issuing offices.

Documents Required with the Application Form

Adult Pakistanis

  • A copy of the Computerized National Identity Card (CNIC)

Overseas Pakistanis

  • A copy of National Identity Card for Overseas Pakistanis (NICOP) or Pakistan Origin Card (POC)


  • A copy of Form B or Child Registration Certificate (CRC) as issued by NADRA

Institutional Investors

  • An attested copy of NTN Certificate or Institutional Registration Certificate (IRC).

Foreign Nationals

  • A copy of the Passport

To download application form in editable Adobe Acrobat format, please click here.

The Savings Account can be opened by depositing cash/ cheque/ draft/ pay-order at any National Savings Centre (NSCs) or Pakistan Post Office (PPO). However, in case of deposit through cash, the Account shall be opened immediately on the same date, whereas, in case of deposit through cheque/ draft/ pay-order, the Account shall be opened from the date of the realization of such cheque/ draft/ pay-order after receipt of realization advice.

  • Minimum: Rs.500/-
  • No maximum investment limit
  • One Account can be opened by one person at an office of issue


The deposits can be withdrawn any time following the date of the deposit. However, investor can withdraw his amount thrice a week.

Profit in the Savings Account is credited on 30th June every year and is calculated  by adding together the minimum balances between the close of 6th day and end of each month and by working out profit for one month on the total amount at the prescribed rates.

For rates click here.

The rate of tax to be deducted shall be as follows:

  • Filers: 10% of the yield/ profit
  • Non-Filers: 17.5% of the yield/ profit; however, the rate shall be 10% if the yield or profit paid is less than Rs. 500,000/-.

Zakat is applicable as per rules.