National Savings

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  • Islamabad, 44000, Pakistan UAN
  • info@savings.gov.pk
  • (051) 111 267 268
ATTENTION !
SHORT TERM SAVINGS CERTIFICATES
Our Products

Product Highlights

Category

Certificates

Denominations

10000/-, 50000/-, 100000/-, 500000/-, 1000000/-, 5000000/-, 10000000/-

Starting Date

2012

Tenure

3 , 6 , 12 Months

Mode of Investmet

Cash, Cheque, Draft & Pay Order

Beneficiary

General Public

Investment Limit

Min.10,000 Max. No Limit Max

Short Term Savings Certificates (STSCs) program was launched on July 1, 2012; designed specifically to meet the short term funding needs of the investors with maturity period of 3-months, 6-months & 1-year. STSCs is pledge-able and having 3-month, 6-month and 1-year maturity scheme.

 
Who Can Invest?

All Pakistani Nationals as well as Overseas Pakistanis can purchase STSCs being a single adult, a minor or two adults jointly where the payments can be received either by the both jointly (Joint-A) or any one of the holders (Joint-B). An adult can also purchase STSCs on behalf of a single minor, two minors jointly or as a joint with a minor.

How to Purchase?

STSC can be purchased from any National Savings Centre (NSC) by filling in the SC-1 (Application form), available free of cost from all NSCs.

Documents Required with the 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

To download application form, please click here.

Mode of Deposit

STSC can be purchased by depositing cash at the Issuing Office or by presenting a cheque/ draft/ pay-order. The Certificate shall be issued immediately against the cash payment. However, in the case of deposit through cheque/ draft/ pay-order, the Certificate shall be issued with effect from the date of realization of the cheque/ draft/ pay-order after receiving the clearance advice.

Investment Limit
  • Minimum: Rs. 10,000/-
  • No maximum investment limits
Encashment

STSCs shall be encashed at the office of the issue but not earlier than one month from the date of issuance. However, profit shall be due on completion of the maturity period.

Rate of Return/Profit rates

For the rates click here.

Tax & Zakat

The rate of tax to be deducted shall be as follows:

  • Filers: Persons appearing in Active Tax Payer List (ATL), Rate of Withholding Tax shall be 15% of the yield/profit irrespective of date of investment and amount/profit.
  • Non-Filers: Persons not appearing in Active Tax Payer List (ATL), Rate of Withholding Tax shall be 30% of the yield/profit irrespective of date of investment and amount/profit.

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