Special Savings Certificates FAQs

All Pakistani Nationals, non-resident Pakistanis, and foreign Nationals can purchase SSC. Institutions may also invest their employees’ related funds such as pension, gratuity, superannuation, contributory provident fund and trusty fund etc.

Maturity period of SSC is 03 years.

  • SSC are available in the denominations of Rs. 500/-, Rs.1000/-, Rs. 5,000/-, Rs. 10,000/-, Rs. 50,000/-, Rs. 100,000/-, Rs. 500,000/-, Rs. 1,000,000/-

Profit is payable on the completion of each period of six months.

SSC can be purchased by depositing cash/cheque/ draft/ pay-order at the Issuing Office.

Yes, minimum deposit limit is Rs. 500/- but no limit in maximum investment.

SSC is encashable at par any time after the date of purchase. However, no profit is payable if the encashment is made before completion of six months and no service charges shall be deducted for the encashment of these certificates.

Yes, taxes are applicable on SSC.

  • 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 shall be collected at source as per rules.

 

For more details see under  Product > Certificates > Special Savings Certificate.