National Savings

Defence Savings Certificates
Who can invest in Defence savings certificate?
All Pakistani Nationals, Overseas Pakistanis can purchase Defence savings certificates.
What is the maturity period of Defence Savings Certificate?
Maturity period of Defence savings certificate is 10 years.
What are the available denominations?
These Certificates 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/-
What are the modes of deposits in Defence Savings Certificates?
Defence Savings Certificate can be purchased by depositing cash/cheque/ draft/ pay-order at the Issuing Office.
Is there any deposit limit in Defence Savings Certificate?
Yes, minimum deposit limit is Rs. 500/- but no limit in maximum investment.
Can I encash my certificates before maturity?
DSCs are encashable at par any time after the date of purchase. However, no profit is payable if encashment is made before completion of one complete year.
Defence Savings Certificate is Pledge able?

Yes

Defence Savings Certificate is transferable?

Yes

Are there any taxes applicable on Defence Savings Certificate?

Yes, taxes are applicable on Defence savings Certificate.

  • Filers: Persons appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 15% w.e.f. 01-07-2021.
    • Non-Filers:  Persons not appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 30% w.e.f. 01-07-2021.
Is Zakat applicable on Defence Savings Certificate?

Zakat shall be deducted at source as per rules.

For more details see under Product > Certificate > Defence Savings Certificate.

BEHBOOD SAVINGS CERTIFICATES
Who can invest in BSC?

Widows,Senior citizens and Disables having CNIC with the logo of disability  of Pakistani nationals can purchase BSC.

Can widowers invest in BSC?

No, at present the widowers cannot invest in BSC.

What is the maturity period of BSC?

Maturity period of BSC is 10 years.

What are the available denominations?

BSC is available in the denominations of Rs. 5,000/-, Rs. 10,000/-, Rs. 50,000/-, Rs. 100,000/-, Rs. 500,000/-, Rs. 1,000,000/-.

When I get the profit?

Profit is paid on monthly basis started from the date of issue of certificates.

What are the modes of deposits in BSC?

Behbood Savings Certificates can be purchased by depositing cash/chequedraftpay-order at the Issuing Office.

Is there any deposit limit in BSC?

Yes, minimum deposit limit is Rs. 5000/- but maximum limit for single investor is 5 million rupees and as joint investor 10 million rupees.

Can I encash my certificates before maturity?

BSCs can be enchased any time after issuance subject to the deduction of service charges at the following rates:

If the certificates encashed before completion respectively as 1,2,3 and 4 years from the date of purchase then 1%, 0.75%,0.50% and 0.25% service charges of the face value shall be deducted respectively. If encashed after completion of 4 years there will be no service charges.

BSC is Pledgeable?

No

BSC is transferable?

No

Are there any taxes applicable on BSC?

No, withholding tax is not collected on the profit earned on Behbood Savings Certificate

Is Zakat applicable on BSC?

BSC are exempted from Zakat.

For more details see under Product > Certificate > Behbood Savings Certificate.

SPECIAL SAVINGS CERTIFICATES
Who can invest in SSC?

All Pakistani Nationals, Overseas Pakistanis can purchase Special Savings Certificate.

What is the maturity period of SSC?

Maturity period of SSC is 03 years.

What are the available denominations?

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/-

When I get the profit?

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

What are the modes of deposits in SSC?

SSC can be purchased by depositing cash/chequedraftpay-order at the Issuing Office.

Is there any deposit limit in SSC?

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

Can I encash my certificates before maturity?

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.

SSC is Pledgeable?

Yes

SSC is transferable?

Yes

Are there any taxes applicable on SSC?

Yes, taxes are applicable on SSC.

  • Filers: Persons appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 15% w.e.f. 01-07-2021.
    • Non-Filers:  Persons not appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 30% w.e.f. 01-07-2021.
Is Zakat applicable on SSC?

Zakat shall be collected at source as per rules.

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

SHORT TERM SAVINGS CERTIFICATES
Who can invest in STSC?

All Pakistani Nationals, Overseas Pakistanis can purchase Short Term Saving Certificate.

What is the maturity period of Short Term Savings Certificates?

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

What are the available denominations?

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/-

When I get the profit?

Profit shall be due on completion of the maturity period.

What are the modes of deposits in Short Term Savings Certificates?

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

Is there any deposit limit in Short Term Savings Certificates?

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

Can I encash my certificates before maturity?

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

Short Term Savings Certificates is Pledgeable?

Yes

Short Term Savings Certificates is transferable?

Yes

Are there any taxes applicable on Short Term Savings Certificates?

Yes, taxes are applicable on Short Term Savings Certificates.

  • Filers: Persons appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 15% w.e.f. 01-07-2021.
    • Non-Filers:  Persons not appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 30% w.e.f. 01-07-2021.
Is Zakat applicable on Short Term Savings Certificates?

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

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

REGULAR INCOME CERTIFICATES
Who can invest in RIC?

All Pakistani Nationals, Overseas Pakistanis can purchase Regular Income Certificate.

 
What is the maturity period of RIC?

Maturity period of Regular Income Certificate is 05 years.

What are the available denominations?

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

When I get the profit?

Profit is paid on monthly basis started from the date of issue of certificates.

What are the modes of deposits in RIC?

RIC can be purchased by depositing cash/chequedraftpay-order at the Issuing Office.

Is there any deposit limit in RIC?

Yes, minimum deposit limit is 50,000 rupees but no limit in maximum investment

Can I encash my certificates before maturity?

RIC can be encashed any time after issuance subject to the deduction of service charges If enchased before completion of 1, 2, 3 and 4 years from the date of issue: then 2 %,1.50%, 1%, and 0.50% service charges of the face value shall be deducted. There will no service charges after the completion of 4 years.

RIC is Pledgeable?

Yes

RIC is transferable?

Yes

Are there any taxes applicable on RIC?

Yes, taxes are applicable on RIC.

  • Filers: Persons appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 15% w.e.f. 01-07-2021.
    • Non-Filers:  Persons not appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 30% w.e.f. 01-07-2021.
Is Zakat applicable onRIC?

Any investment made in RIC shall be exempted from compulsory deduction of Zakat at source.

For more details see under ProductCertificates > Regular Income Certificate 

Special Savings Account
Who can invest in Special Savings Account?

All Pakistani Nationals, Overseas Pakistanis can open Special Savings Account.

What is the return time?

Profit will be paid on successful Completion of Six months.

What are the modes of deposits in Special Savings Account?

Special Savings Account can be opened by depositing cash/chequedraftpay-order at the Issuing Office.

Is there any deposit limit in Special Savings Account?

Yes, minimum deposit limit is Rs. 500/- but no limit in maximum investment but Deposits are required to be made in multiples of Rs.500/-

How many withdraws allow in Special Savings Account?

There is no withdraw limit but no profit is payable in case the withdrawals are made before completion of 6 months of such deposit.

Is Special Savings Account transferable?

No.

Are there any taxes applicable on Savings Account?

Yes, taxes are applicable on Special Savings Account.

  • Filers: Persons appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 15% w.e.f. 01-07-2021.
    • Non-Filers:  Persons not appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 30% w.e.f. 01-07-2021.
Is Zakat applicable on Special Savings Account?

The Zakat is collected at source as per rules at the time of withdrawal of principle amount.

For more details see under Product > Account  > Special Savings Account

Savings Account
Who can invest in Savings Account?

All Pakistani Nationals, Overseas Pakistanis can open Savings Account.

What is rate of return?

Profit in the Savings 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 the end of the month.

What are the modes of deposits in Savings Account?

Savings Account can be opened by depositing cash/chequedraftpay-order at the Issuing Office.

Is there any deposit limit in Savings Account?

Yes, minimum deposit limit is Rs. 100/- but no limit in maximum investment.

How many withdrawals allowed in Savings Account?

Only three withdrawals are allowed in a week.

Is Savings Account transferable?

No.

Are there any taxes applicable on Savings Account?

Yes, taxes are applicable on Savings Account.

  • Filers: Persons appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 15% w.e.f. 01-07-2021.
    • Non-Filers:  Persons not appearing in Active Tax Payer List (ATL), Rate of Withholding Tax (irrespective of the date of investment and amount) shall be 30% w.e.f. 01-07-2021.
Is Zakat applicable on Savings Account?

Zakat is applicable on investment made in Savings Account.

For more details see under Product > Accounts  > Savings Account

Pensioner Benefit Account
Who can invest in Pensioners Benefit Account?

The pensioners of Federal Government, Provincial Governments, Government of Azad Jammu & Kashmir, Armed Forces, Semi-Government and Autonomous bodies and in case of the death of a pensioner their eligible family member can invest in Pensioners Benefit Account.

What is the maturity period?

Pensioners Benefit Account’s maturity period is 10 years.

What are the modes of deposits in Pensioners Benefit Account?

Pensioners Benefit Account can be opened by depositing cash/chequedraftpay-order at the Issuing Office.

Is there any deposit limit in Pensioners Benefit Account?

Yes, minimum deposit limit is 10,000/- rupees and maximum investment limit is 5,000,000/- An investor can invest only seven subsequent deposits in the account.

Is there any service charges on Pensioners Benefit Account?
  • If withdrawn before completion of 01 year from the date of deposit: 1% of the principal amount
  • If withdrawn after 01 years but before completion of 02 years from the date of deposit: 0.75% of the principal amount
  • If withdrawn after 02 years but before completion of 03 years from the date of deposit: 0.5% of the principal amount
  • If withdrawn after 03 years but before completion of 04 years from the date of deposit: 0.25% of the principal amount
  • If withdrawn after completion of 04 years from the date of deposit: No Service Charges
Pensioners Benefit Account is transferable in case of death?

In the event of the death of an Account Holder, if the nominee(s) is not an eligible member of the family, he/ she/ they would be entitled to receive the profit at the prevailing rate of Savings Account for a maximum period of three months started from the date of the death of the Account Holder or withdrawal of amount by the nominee whichever is earlier. However, if the nominee is one of the eligible family members, the Account shall be transferred in his/ her name after fulfilling the codal formalities and then s/he shall be entitled to receive/ earn the profit at the rates as was in the case of original holder provided that there is no litigation in court or order issued otherwise from a court of law.

Are there any taxes applicable on Savings Account?

Pensioners Benefit Account is exempted from withholding Tax.

Is Zakat applicable on Pensioners Benefit Account?

Pensioners Benefit Account is exempted from Zakat.

For more details see under Product  > Accounts Pensioners Benefit Account

Shuhada Family Welfare Account
Who can invest in Shuhada Family Welfare Account?

The Shuhada of Federal Government, Provincial Governments, Government of Azad Jammu & Kashmir, Armed Forces, Semi-Government and Autonomous bodies and in case of the death of a Shuhada their eligible family member can invest in Shuhada Family Welfare Account.

What is the maturity period?

Shuhada Family Welfare Account’s maturity period is 10 years.

What are the modes of deposits in Shuhada Family Welfare Account?

Shuhada Family Welfare Account can be opened by depositing cash/chequedraftpay-order at the Issuing Office.

Is there any deposit limit in Shuhada Family Welfare Account?

Yes, minimum deposit limit is 10,000/- rupees and maximum investment limit is 5,000,000/- An investor can invest only seven subsequent deposits in the account.

Is there any service charges on Shuhada Family Welfare Account?
  • If withdrawn before completion of 01 year from the date of deposit: 1% of the principal amount
  • If withdrawn after 01 years but before completion of 02 years from the date of deposit: 0.75% of the principal amount
  • If withdrawn after 02 years but before completion of 03 years from the date of deposit: 0.5% of the principal amount
  • If withdrawn after 03 years but before completion of 04 years from the date of deposit: 0.25% of the principal amount
  • If withdrawn after completion of 04 years from the date of deposit: No Service Charges
Shuhada Family Welfare Account is transferable in case of death?

In the event of the death of an Account Holder, if the nominee(s) is not an eligible member of the family, he/ she/ they would be entitled to receive the profit at the prevailing rate of Savings Account for a maximum period of three months started from the date of the death of the Account Holder or withdrawal of amount by the nominee whichever is earlier. However, if the nominee is one of the eligible family members, the Account shall be transferred in his/ her name after fulfilling the codal formalities and then s/he shall be entitled to receive/ earn the profit at the rates as was in the case of original holder provided that there is no litigation in court or order issued otherwise from a court of law.

Are there any taxes applicable on Savings Account?

Shuhada Family Welfare Account is exempted from withholding Tax.

Is Zakat applicable on Shuhada Family Welfare Account?

Shuhada Family Welfare Account is exempted from Zakat.

For more details see under Product  > Accounts Pensioners Benefit Account

National Savings Bonds FAQs
In which denominations are prize bonds available?

Presently, the Govt. of Pakistan is offering prize bonds having face value:

  • 100
  • 200
  • 750
  • 1500
  • 25000 (Premium Prize Bonds ) Registered
  • 40000 (Premium Prize Bonds) Registered
Which prize bond is entitled to winning a prize?

All prize bonds issued at least 60 days prior to the draw date are entitled for winning a prize.

What is the schedule of draw?

The Schedule of draw contains Draw No, Place & date of draw.

What is the validity period of a prize bond?

A prize bond remains valid till the scheme termination.

What is the valid time period for claiming a prize?

Maximum time period to avail the prize is six years from the date of draw.

How much tax would be deducted if I win a prize?

30% for non-filers against the prize money.

15% for filers against the prize amount is deducted at source at the time of payment of prize money.

How can I claim the amount of Prize money?

To claim for your prize, you need to fill in the claim form and submit it along with a copy of your NIC to the State Bank of Pakistan. The claim form is also available at our website for downloading.

What does the term shut period mean?

60 days prior to a draw, the State Bank and other authorized organization stop selling the prize bonds of that particular denomination. This period of 60 days is called the shut period. Usually prize bonds are traded at open market rates during this time.

From where can I purchase and sell prize bonds?

You can buy and sell these instruments from any National Savings Centers, State Bank of Pakistan before shut period.

How would I know the draw date for any denomination?

State Bank of Pakistan issues a schedule of draw dates for each year which is available at www.savings.gov.pk full details.

Where can I get draw results?

You can get full draw list from www.Savings.gov.pk

What are the Guidelines for application forms of all denominations of Prize Bonds?

The prize money up to Rs. 1,250/- can be claimed from any National Savings Centre, branches of authorized scheduled banks or branches of the State Bank of Pakistan. Prize money exceeding Rs. 1,250/- can be claimed only from the branches of the State Bank of Pakistan.

To claim the prize money, fill the prescribed Form available at

www.savings.gov.pk

along-with following documents.

  1. Photocopy of valid CNIC
  2. Winning prize bond (original)
  3. Photo copy of the prize-winning bond duly signed by the applicant on back side.
Are there any charges of prize money claim form?

No, there are no charges.

After how many days of draw prize money claim can be lodged?

The claim can be lodged usually after 3 or 4 working days from the date of draw and within six years from the date of relevant draw.

Can we claim prize money of damaged bond?

Yes, Subject to clearance under rules.

What is the procedure of Prize Bonds draw? Is the process of draw fair and transparent?

Prize bond draw is held by a committee constituted by Central Directorate of National Savings and open to general public. Winning prize bonds are drawn through Hand operated draw machine, which is usually operated by special children in front of Committee members and general public attending the draw ceremony. Draw machine is also checked by general public before the start of draw.

Whether one can attend draw ceremony?

Yes, general public may also attend the prize bond draw ceremony on production of original CNIC.

Is there any way to ensure that the prize bond purchased would win a prize?

No.

How many numbers of Prize Bonds are in a series?

One less in one million (999,999)

From where we can get Prize Bonds?

Prize bonds can be purchased and encashed in any quantity at all field offices of SBP BSC (Bank), office of National Saving Centers, and designated branches of commercial banks.

Is there any limit on the purchase of Prize Bonds?

No, there is no limit.

What is the encashment procedure?

To present original prize bond at the counters of SBP BSC Offices, Commercial Banks and National Savings Centers and get face value thereof.

Why date of issue is important for any claim of prize money?

Only those prize bonds qualify for prize money, which have been issued two months prior to their respective draw.

After how many days of draw prize money claim can be lodged?

The claim can be lodged usually after 4 to 5 working days from the date of draw and within six years from the date of relevant draw.

Whether one prize bond winning prize money two times in different draws will be paid prize money two times on the same date or otherwise?

Claim against prize bond winning in two different draws can be lodged at the same time against two separate claim application by the holder within the period of Six years from the date of its relevant draws.

Why the small investors don’t win prize and big prizes goes to big investors?

Big investors invest in huge amounts and buy more prize bonds; therefore their probability of winning prize money is greater than the individual who buys a single prize bond. However, draw is held separately for each prize and small investor can win big prize.

Is there any way to ensure that the prize bond purchased would win a prize?

The chances of winning Prize Money is always there but cannot be ensured.

Why the prize money on the winning number is not paid very next day?

Due to preliminary preparation printing, dispatch of list of prize winning bonds to all concerned NSCs which usually take three to four days.

Why National savings or the State Bank of Pakistan does not stop the payment of prize money against prize bond reported lost?

Prize bond is a bearer instrument. Its ownership belongs to the holder of the instrument just like currency notes.

Premium Prize Bond Registered FAQs
What is premium prize bond?

Premium prize bond is newly launched national savings scheme where investor can earn prize money as well as profit.

What are the denominations of premium prize bond?

Presently, only one denomination of Rs. 40,000 and 25000 Premium Prize Bond is in circulation and others are in the pipeline.

What is the profit rate of premium prize bond?

Profit rate of premium prize bond is 1.79% bi-annual.

What is the meaning the term registered in Premium Prize Bond?

Prize bond registered in the name of investor that’s why called premium Prize bond registered.

How many draws in a year?

Four quarterly prize money draws in a year.

Who can buy premium prize bond?

Any adult Pakistani Individual, Overseas Pakistani can buy premium prize bond.

How can I claim my prize money?

No, application Forms required for claiming prize money, prize money directly credit to investor bank account.

How can I claim my profit of premium prize bond?

No, application forms required for claiming profit earned from premium prize bond. The profit is directly credit to investor bank account.

Can I transfer my premium prize bond to any one?

Yes, premium prize bond is transferable.

Can I pledge my premium prize bond?

Yes, premium prize bond is pledge able.

Is there any limit in terms of time and investment?

No, there is no limit in investment and tenure

How can I purchase the premium prize bond?

Can be purchased through Cash, Cheque, Pay-Order and Bank Draft from offices of the State Bank of Pakistan Banking-Services Corporations (SBP-BSC)

What documents are required for premium prize bond purchase?
  • Copy of CNIC
  • Account Maintenance Certificate (A/C title, IBAN Number, status of A/C , Bank & Branch Name)
  • Tax Certificate in case of Filer
  • CNIC details of the Nominee

are required at the time of premium prize bond purchase.

Is there any facility for senior citizen and females?

Senior citizens and female applicants are requested to please contact the Counter Official without waiting for their turn as special.

Application forms are same for individual or corporate clients?

No, there are two types of form one for individual and second for corporate.

Tax is applicable on premium prize bond?

Yes, WHT is applicable on profit as well as prize money.

  1. (Filers) Persons appearing in ATL , rate of WHT shall be 15%.
  2. (Non-Filers) Persons not appearing in ATL, rate of WHT shall be 30%.
Is Zakat applicable on premium prize bond?

Premium prize bond is exempted from Zakat

What is the highest prize of the premium prize bond?

Highest Prize of the premium prize bond of Rs. 40,000/- is Rs. 80 million and for Rs. 25,000/- highest prize is Rs. 30 million.

General FAQs
Is the investment made in National Savings Schemes (NSS) secure?

Yes, the investment made in NSS is fully guaranteed by the Government of Pakistan.

What is the standard documents required for investment in NSS?

Application Form, available free of cost from all NSCs.

Documents Required along with 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)

Minor

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

What are standard modes of investment?

Cash/cheque/ bank draft/ pay-order are the standard modes of investments.

What is the difference between Joint-A and Joint-B type investment?

The National Savings Schemes provide the facility of joint investment for two persons. There are two different types, i.e. Joint-A and Joint-B. In the case of Joint-A deposits, the encashment is payable to the holders jointly or to either with the written consent of the other. In the case of Joint-B, either of the investors can withdraw/ encash the profit principal under his/ her own signature.

What is the procedure to invest in NSS from abroad?

Investment from abroad can be made through Bank Draft/ Cheque in any foreign currency in favor of any of our office(s) along with the Application Form duly filled in and the copies of Passport/ CNIC/NICOP/POC. Clearance period for the Bank Drafts prepared in Pak Rupee from abroad is shorter than that of the ones in foreign currency. It would be more appropriate if it is payable in the same city where the investment is intended to be made.

The investment in the NSS is maintained and expressed in Pak Rupee only. Amount received in foreign currency is converted into Pak Rupee on the prevailing official exchange rate through normal banking channels for investment in National Savings Schemes. Moreover, the principal and profit accrued on a certificate issued against foreign exchange received through remittance shall be payable abroad to the purchaser in foreign exchange, if so desired by the investor. For the purpose, the payable amount shall be converted into the desired currency at the official exchange rate prevailing at the time of conversion/payment.

What is the procedure for Issuance of Duplicate Certificate in case of lost or stolen?
Loss after Issue – Issuance of Duplicate in Lieu thereof.
 
If a person(s)reports that a certificate(s) has been lost or stolen the following procedure for issue of duplicate certificate will be followed:-
(i) The purchaser(s) shall be required to furnish an application setting forth the particulars of the certificate(s) and the circumstances leading to its loss.  If the certificate(s) reported to have been lost etc. were issued in joint names, the application shall be signed by both the holders. The said application shall be present in person and shall be diarized immediately. Necessary entries regarding loss of the certificate(s) shall be made in red ink in bold letters in the relevant record i.e. the application form and register of Lost Certificates, etc. under the joint signatures of the Centre Officials.
(ii) Thereafter the investor shall be required to furnish following documents:-
(i) An attested photo copy of the Computerized National Identity Card.
(ii) A legible certified copy of the FIR lodged with the police authorities or of Roznamcha report concerning the lost certificate(s) if valuing more than Rs.10,000/-.
(The genuineness of the FIR / Roznamcha report, may be got verified by the Officer Incharge, NSC/RDNS from the concerned police station).
(iii) Previous Zakat& W.H. Tax receipts, if any, showing collection of Zakat / Tax on the said certificate(s).
(iv) A photo copy of un-used profit coupons of profit coupon book  issued, if any.
(v) A copy of faith and fiqh declaration already furnished by the holder of certificate(s) to the Centre, if any.
(vi) A copy of receipt  showing deposit of prescribed fee for issue of duplicate certificate(s) into NSC.
(vii) Indemnity Bond executed by the applicant on a stamp paper for the applicable value with one approved surety and also signed by two witnesses and attested by the Oath Commissioner / Notary Public. A bank guarantee may also be accepted in this respect. However, in the cases where principal (face) value of the lost certificate(s)does not exceed Rs. 1,000,000/- (Rupees One Million only) an officer of BS-17and above of any Federal Government, Provincial Government, Government of Azad Jammu & Kashmir, Armed Forces, Semi Government and Autonomous Government Bodies shall stand surety to the satisfaction of the Officer Incharge of the concerned NSC.
Note:-(The executants of the indemnity bond will get it countersigned from a Magistrate 1st Class, after attestation by the Notary Public. The financial position of the surety in the indemnity bond may also be firmed up).
(viii) Any other document or evident if deemed necessary by and to the satisfaction of the controlling officer.
(iii) All the documents shall be scrutinized for their efficacy and completeness in all respects. It shall be ensured that the certificate(s) neither already encashed nor transferred to other Centre. It shall also be verified that the particulars of the purchaser as well as the investment tally with those on record.
(iv) The identity of the purchaser shall be established. Besides, signatures of the purchaser on the above application shall be verified with reference to the signature on record available with the Centre and the fact of such verification shall be recorded on the said application by the two signatories of the National Savings Centre.
(v) The receipt of the application shall be acknowledged through registered mail addressed to the purchaser at his address given on the original application from under joint signatures of the centre Incharge and the second officer / official asking him to contact the NSC after one month alongwith the acknowledgement.
(vi) After ensuring the genuineness of the report of loss, the identity of the investor, non-encashment / non-transfer of the certificate(s) earlier and having made all the entries in the relevant record, the case shall be referred to the Controlling Officer, Regional Directorate under the Joint signatures of the Centre Incharge and the second officer / official. The Controlling Officer may make such investigation and queries as deemed fit and having satisfied as to the completeness of formalities etc, shall allow issuance of duplicate certificate. A copy of the authority so issued shall also be sent to the investor concerned for information. As provided under the rules, duplicate certificate(s) shall not be issued before the expiry of one month from the date of the application.
(vii) On receipt of the permission / authority for issue of duplicate certificate, the centre will note its number and date on the original application for purchase in the Remarks Column and Register of Lost Certificate and issue duplicate certificate(s), after obtaining fresh application for purchase of certificates wherein the mode of payment shall be indicated as “In lieu of lost certificate(s) issued under registration No.______ dated_____ sanctioned vide Authority No.________ dated_____”. On the face of the certificate, the words “Duplicate issued in lieu of Registration No. ______ dated______ reported to have been lost or stolen” will be written prominently.
(viii) The coupons pertaining to the period for which profit has already been paid shall also be cancelled and attached with the sanction / authority letter for issuance of new certificate. The already issued profit coupon book if not lost shall be cancelled and new profit coupon book under new registration No. shall be issued.
(ix) An entry of discharged certificate(s) reported as lost shall also be made in the discharge journal as usual i.e. with full value of certificate(s) and the remarks “Sanctioned vide RDNS letter/sanction No.______ dated _______”shall be recorded in the remarks column.
(x) The entry in stock register and issue journal of the certificate shall be made as is done in the case of certificate issue in exchange. The number and date of the authority for issue of the duplicate certificate shall be entered in the Remarks Column of the Stock Register  as well as the Issue Journal.
 
Note:-
a. The duplicate certificate(s) shall be encashable at the office of issue only.
b. Payment on encashment of duplicate certificate(s) shall be made through “Account Payee Crossed” Government Cheque only.
c. The particulars of such lost certificate(s) will not be circulated to other offices. However, the particulars of lost certificate(s) shall continue to be entered in the Register of lost certificates.
d. Since there is a bar on issue of duplicate SSC (Bearer) no remarks regarding loss etc. if reported or requested, for the certificate will be recorded in the relevant record.
 
Indemnity Bond for Issuance of Duplicate Certificate(s) is attached here;
 
General FAQs
What is Nomination?

Nomination is a facility that enables the account(s) / certificate(s) holder(s) to nominate an individual(s), who can claim the proceeds of the account(s) / certificate(s) in case of the death of the original account(s)/certificate(s) holder. The nominee is basically a trustee on behalf of legal heirs of the deceased account(s) / certificate(s) holder who is bound to equally distribute the share to all the legal heirs.

Who appoints nominee?

Account(s) / certificates holder(s)at the time of making investment in National Savings Schemes appoints a nominee for their investment and can also specify their respective shares.

What is the nomination in case of investment of minor?

In case of an investment in the name of a minor, nomination shall be made by a person lawfully entitled to act on behalf of the minor in respect of account(s)/certificate(s) i.e. the nomination shall be restricted to (a) the father, or (b) the mother, or (c) either parent, or (d) the paternal grand-father, or (e) the legal guardian of the minor.

Can nomination be changed/altered/cancelled?

Specific nomination forms (SC-3) available at all NSCs duly filled in all respected along with an application of account(s) / certificates holder(s) holder(s) on stamp paper is required to change nomination at any later stage.

What documents are required to claim the amount as nominee?

Request application to the NSC mentioning the complete detail of the investment for which the nominee is applying for along with supporting documents listed below:

  • Copy of Death certificate of the original investor issued by municipal authorities / government department.
  • Proof of Address & Photo ID of the Legal heirs/ Survivor / Nominee (as the case may be),
  • Three specimen signature attested by the Govt. Gazetted Officer (by name stamp).
  • Original certificates, Pass Book, Withdrawal Slip, Profit Coupon Book..
  • Undertaking on stamp paper to the effect that National Savings would not be a party in case of any dispute arises in the instant payment, if so required by the NSC concerned.
  • Family Registration Certificate (FRC) issued by NADRA if the net payable amount does not exceed Rs. 100,000/-
  • Succession Certificate issued by court if the net payable amount exceeds Rs. 100,000/-
Will the nomination facility guarantee the transfer of funds to the nominee?

If the nomination is not contested and subject to complete submission of documents as per the NSCs requirements, the nominee can claim the amount that he has been nominated for. However, in case of any contest or dispute, or another claimant approaching the NSC with any legal documentation, the payment will be made as per succession certificate/ court decision, as the case may be. Further NSC may entertain the legal heirs after completion of certain documents like FRC etc. if the net payable amount is below Rs. 100,000/-. Succession Certificate is mandatory if net payable amount is more than Rs. 100,000/-.

How is the payment made to the nominee?

After completing all codal formalities a Government Cheque is issued in the name(s) of legal heirs or their nominee according to succession certificate issued in accordance with the Law. However, in cases, where;

(a) Total net payable amount does not exceed Rs. 100,000/-, payment shall be made to nominee, as mentioned in SC-I or SC-3 form by the purchaser, upon furnishing duly verified attested, copy of Family Registration Certificate (FRC) issued by NADRA along with other documents required and an affidavit, that he/she shall be bound to distribute the received amount among all the legal heirs according to their due share as per law of the land.

(b) Payment shall be made on provision of succession certificate issued in accordance with the law for the time being in force if total net payable amount does exceed Rs. 100,000/-.

General FAQs
Can I get my profit transferred into my Bank account directly?

Yes, you can get the profit for Savings Account, Pensioners’ Benefit Account & Bahbood Savings Certificates transferred into any scheduled / commercial bank account across Pakistan directly.

What will I have to do for this?

You will be given this option at the time of investment, if you wish to avail this option, withdrawal slip book for your account will be stamped with the NSC name and specified code. You will present the withdrawal slip duly filled in all respected and signed of your account at the counter of any commercial bank/scheduled bank in Pakistan to receive your accrued profit.

Can I avail this facility at any later stage?

Yes, for this purpose you will have to get the withdrawal slip book for your account stamped with the NSC Name and specified code from the NSC concerned.

How many days it will take my National Savings instruments to be cleared?

Clearing time for Nation Savings instruments is one day for clearing within city and 3 days for clearing for outstation National Savings Centres.