The account can be
opened by an individual in his name or in the name of
minor(s) dependent on him or by two individuals jointly in their names. Institutions may also invest individual funds such as pension, gratuity, superannuation, contributory provident funds and trusts etc.
How To Invest.
These accounts 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 (CNIC) Card 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
in this scheme is Rs.500/-. There is not maximum limit, however,
the deposits are required to be made in multiple of Rs.500/-.
When Can I Withdraw my deposits.
The amount be withdrawn at par any time after the
date of its deposit. However, no profit is payable in case the
withdrawals are made before completion of 6 months.
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 Will I Get As Profit.