The updated profit rate for Behbood Savings Certificates and other programs will start in April 2024, according to the National Savings, also known as Qaumi Bachat Bank.
The government launched Behbood Savings Certificates in 2003 to help widows and older citizens who were having trouble with money. With these certificates, you can make money every month at a good rate.
Behbood Savings Certificates now earn 15.60% more than they did before March 19, when the government raised the rates.
- Effective Period: April 2024 onwards
- Monthly Profit on each Rs100,000: Rs1,300
- Profit Rate: 15.6%
Behbood Savings Certificates come in amounts ranging from Rs5,000 to Rs1,000,000 and were first made in 2004 for disabled people, especially disabled children who were under the care of their guardians. Profit is distributed monthly from the date of purchase.
Eligibility
People from the following groups in Pakistan can purchase Behbood Savings Certificates:
- Senior citizens aged sixty years or above
- Single widows who have not remarried
- Two eligible individuals, as mentioned above, in joint ownership
- Individuals with disabilities holding NICs with the Disability logo and special minors through a guardian
Investment Limits
For Behbood Savings Certificates, the lowest amount you can invest is Rs5,000, and the most you can invest is Rs7.5 million. For joint investors, the maximum limit is Rs15 million.
The new profit rate for Behbood Savings Certificates at Qaumi Bachat Bank for April 2024 is 15.6%.
