Short Term Savings Certificates FAQs

All Pakistani Nationals, non-resident Pakistanis, and foreign Nationals can purchase STSC.

Maturity period of Short Term Savings Certificates is 03months, 6 months and one year.

Short Term Savings Certificates are available in the denominations of Rs. 10,000/-, Rs. 50,000/-, Rs. 100,000/-, Rs. 500,000/-, Rs. 1,000,000/, Rs. 5,000,000/-,   Rs. 10,000,000/-

Profit shall be due on completion of the maturity period.

Short Term Savings Certificates can be purchased by depositing cash/cheque/ draft/ pay-order at the Issuing Office.

Yes, minimum deposit limit is Rs. 10,000/- rupees but no limit in maximum investment.

STSCs shall be encashed at the office of the issue but not earlier than one month from the date of issuance.

Yes, taxes are applicable on Short Term Savings Certificates.

  • Filers: In case the payable profit is Rs 500,000/- or above ,the rate shall be 15% on such  profit.however in case profit is less than Rs 500,000/- the rate of WHT shall be 10% of the yield/profit.
    • Non-Filers: In case the payable profit is Rs 500,000/- or above ,the rate shall be 30% on such  profit.however in case profit is less than Rs 500,000/- the rate of WHT shall be 15% of the yield/profit.

    Zakat is applicable as per rules.

The investment made in STSCs shall be exempted from collection of Zakat.

 

For more details see under  Product > Certificate > Short Term Savings Certificates