This is the oldest scheme among the National Savings instruments. The scheme has been designed to encourage the small savers and to meet their day to day needs.  This is an ordinary account and frequent withdrawals ( thrice a week) can be made through this account. .



Who Can Invest .

The account can be opened by a single adult, two adults in their joint names with the options of payable to the holders jointly (Joint-A ) or payable to either (Joint-B), any minor of whom he is a guardian.Institutions may also invest individual funds such as pension, gratuity, superannuation, contributory provident funds and trusts etc.

How To Invest.

These account can be opened at any National Savings Centre (NSCs) and Pakistan Post Office (PPO) by filling in a prescribed form called DA-1, which is available at all the above offices of issue free of cost. A copy of the Computerized National Identity Card (CNIC) or in case of a foreign national, a copy of the Passport may be attached with the application form. To download application form in editable Adobe Acrobat format, please click here.

Mode of Deposit.

The accounts can be opened by depositing cash at the issuing office or by presenting a cheque. The passbook and withdrawal slip shall immediately be issued on receipts of cash. However, in case of deposit through cheque the account shall be opened from the date of realization of the cheque after receipt of the clearance advice.

What Is The Investment Limit.

The minimum investment limit is Rs.100/- in the scheme with no maximum limit. However, only one account can be opened by person at an office of issue.

What About Withdrawal .

The deposits can be withdrawn any time from the date of deposit. However, there is a limit of three withdrawals within a week's time.


Payment from accounts may be allowed through a person duly authorized (in writing) by the investor on authority letter under his signatures provided that:-

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

(b). the Centre Incharge is personally satisfied that the authorized person is genuine and the Withdrawal Slip and the letter of authority bear genuine signatures of the investor;

(c). the receipt of the amount is got acknowledged from the authorized person on reverse of the withdrawal slip personally by the Centre Incharge.

What is the Return.

Profit in this account is credited on 30th June every year and is worked out on the lowest balance of an account between the close of the sixth day and end of the month. The current rate of profit is 3.95% p.a.

Tax & Zakat Status.

Exemption of deduction of Withholding tax has been withdrawn w.e.f 01-07-2013 on profit of investment upto Rs.150,000. W.e.f. 1st July,2014 the rate of tax to be deducted under Section 151 of Income Tax Ordinance 2001 shall be 10% of the yield or profit for Filers and 17.5% of the yield or profit paid for Non-Filers. Provided that for a non-filer, if the yield or profit paid is rupees five hundred thousand or less, the rate shall be 10%.  Zakat is also applicable as per rules.


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