National Savings Schemes

Defence Saving Certificates:

The Government of Pakistan introduced Defence Savings Certificate scheme in the year 1966. This is the
most popular scheme among investors. This scheme has specifically been designed to meet the future
requirements of the depositors. This is the only scheme with 10 years maturity with built in feature of
automatic reinvestment after the maturity i.e. in case any certificate is not encashed on maturity, the
balance at credit (principal + profit) without any deduction, shall be deemed to have been reinvested for
another period of 10 years on filling in a new application form. However, in case any certificate issued on
or after 15th November, 2010 is not encashed on maturity, the value i.e. principal plus profit due on such
certificate shall cease to earn any further profit. These certificates are available in the following
denominations:
S.No.
Rupees

1.
500

2.
1,000

3.
5,000

4.
10,000

5.
50,000

6.
100,000

7.
500,000

8.
1,000,000

SALIENT FEATURES:
1. Eligibility for Purchase:
These certificates can be purchased by a single adult, a minor, two adults in their joint names with the
options of payable to the holders jointly (Joint/A ) or payable to either (Joint/B). An adult can also
purchase these certificates on behalf of a single minor, two minors jointly or himself (herself) and a minor
jointly.
2. Procedure for Purchase:
These certificates can be purchased by filling in a prescribed form (SC/I), obtainable from any National
Savings Centre (NSC), Pakistan Post Office (PPO), State Bank of Pakistan, SBP BSC (Bank).A copy of the
Computerized National Identity Card (CNIC) or in case of a foreign national, a copy of the Passport may be
attached with the application form (SC/I). The format of application form is also available at website of
National Savings (http://www.savings.gov.pk) under the option of Forms.
3. Investment Limit:
There is no maximum limit of investment in this scheme.
4. Encashability:
The Certificates shall, notwithstanding anything to the contrary appearing on the obverse or reverse of the
certificates, be encashable at par at any time after the date of purchase
5. Mode of Deposit:
These certificates can be purchased by depositing cash at the issuing offices or by presenting a cheque.
The certificates shall immediately be issued on receipts of cash. However, in case of deposit through
cheque the certificates shall be issued from the date of realization of the cheque after receipt of the
clearance advice.

Page 1 of 14

6. Profit Payable on Defence Savings Certificates:

The Finance Division, Govt. of Pakistan, according to the Notification No. F.20(3)GS-I/2014132 dated January 30, 2015 has reviewed the rate of return on Defence Savings Certificates. The return on
Defence Saving Certificates has been fixed as given in table below, for the certificates issued with effect
from 01.02.2015 till further Notification. The Defence Savings Certificates purchased prior to the above
said Notification shall earned profit at the rate prevailing on the date of purchase.

DSCs Purchased from 01.02.2015 till further Notification (Issue-28)

Value on
completion
of period
1 Year
2 Years
3 Years
4 Years
5 Years
6 Years
7 Years

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

525
555
585
620

1,050
1,110
1,170
1,240

5,250
5,550
5,850
6,200

10,500
11,100
11,700
12,400

52,500
55,500
58,500
62,000

105,000
111,000
117,000
124,000

525,000
555,000
585,000
620,000

1,050,000
1,110,000
1,170,000
1,240,000

665
725

1,330
1,450
1,620

6,650
7,250

13,300
14,500

66,500
72,500

133,000
145,000

665,000
725,000

1,330,000
1,450,000

16,200
18,400
21,200

81,000
92,000
106,000

162,000
184,000
212,000

810,000
920,000
1,060,000

1,620,000
1,840,000
2,120,000

24,800

124,000

248,000

1,240,000

2,480,000

8 Years

810
920

9 Years

1060

2,120

8,100
9,200
10.600

10 years

1240

2,480

12,400

1,840

Notification No [No. F.20(3)GS-I/2014-132]

PREVIOUS YEAR's RATES

DSCs Purchased from 01.12.2014 till further Notification (Issue-27)
Value on
completion
of period
1 Year
2 Years
3 Years
4 Years
5 Years
6 Years
7 Years

Rs.500

530
565
605
655
720
805

Rs.1000

1,060
1,130
1,210
1,310
1,440
1,610
1,820

Rs.5000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

5,300
5,650
6,050
6,550
7,200
8,050

10,600
11,300
12,100
13,100
14,400
16,100

53,000
56,500
60,500
65,500
72,000
80,500

106,000
113,000
121,000
131,000
144,000
161,000

530,000
565,000
605,000
655,000
720,000
805,000

1,060,000
1,130,000
1,210,000
1,310,000
1,440,000
1,610,000

18,200
20,800
24,200

91,000
104,000
121,000

182,000
208,000
242,000

910,000
1,040,000
1,210,000

1,820,000
2,080,000
2,420,000

28,600

143,000

286,000

1,430,000

2,860,000

8 Years

910
1,040

9 Years

1,210

2,420

9,100
10,400
12,100

10 years

1,430

2,860

14,300

2,080

Rs.10,000

Page 2 of 14

DSCs Purchased from 01.10.2014 till further Notification (Issue-26)

Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

530
565
610
670

1,060
1,130
1,220
1,340

5,300
5,650
6,100
6,700

10,600
11,300
12,200
13,400

53,000
56,500
61,000
67,000

106,000
113,000
122,000
134,000

530,000
565,000
610,000
670,000

1,060,000
1,130,000
1,220,000
1,340,000

750
855

1,500
1,710

7,500
8,550

15,000
17,100

75,000
85,500

150,000
171,000

750,000
855,000

1,500,000
1,710,000

9 Years

990
1,165
1,385

1,980
2,330
2,770

9,900
11,650
13,850

19,800
23,300
27,700

99,000
116,500
138,500

198,000
233,000
277,000

990,000
1,165,000
1,385,000

1,980,000
2,330,000
2,770,000

10 years

1,660

3,320

16,600

33,200

166,000

332,000

1,660,000

3,320,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

Notification No.F.20(3)GS-I/2014-1146 dated 30.09.2014

DSCs Purchased from 01.01.2014 to 30.09.2014 Notification (Issue-25)

Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

530
565
610
670
745
840

1,060
1,130
1,220
1,340
1,490
1,680

5,300
5,650
6,100
6,700
7,450
8,400

10,600
11,300
12,100
13,100
14,700
16,400

53,000
56,500
61,000
67,000
74,500
84,000

106,000
113,000
122,000
134,000
149,000
168,000

530,000
565,000
610,000
670,000
745,000
840,000

1,060,000
1,130,000
1,220,000
1,340,000
1,490,000
1,680,000

9 Years

960
1,115
1,320

1,920
2,230
2,640

9,600
11,150
13,200

18,500
21,000
24,500

96,000
111,500
132,000

192,000
223,000
264,000

960,000
1,115,000
1,320,000

1,920,000
2,230,000
2,640,000

10 years

1,590

3,180

15,900

30,000

159,000

318,000

1,590,000

3,180,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

Notification No.F.20(I)GS-I/2013-09 dated 01.01.2014

Page 3 of 14

DSCs Purchased from 01.10.2013 to 31.12.2013 Notification (Issue-24)

Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

530
565
610
665
735
820

1,060
1,130
1,220
1,330
1,470
1,640

5,300
5,650
6,100
6,650
7,350
8,200

10,600
11,300
12,100
13,100
14,700
16,400

53,000
56,500
61,000
66,500
73,500
82,000

106,000
113,000
122,000
133,000
147,000
164,000

530,000
565,000
610,000
665,000
735,000
820,000

1,060,000
1,130,000
1,220,000
1,330,000
1,470,000
1,640,000

9 Years

925
1050
1225

1,850
2,100
2,450

9,250
10,500
12,259

18,500
21,000
24,500

92,500
105,000
122,500

185,000
210,000
245,000

925,000
1,050,000
1,225,000

1,850,000
2,100,000
2,450,000

10 years

1500

3,000

15,000

30,000

150,000

300,000

1,500,000

3,000,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

Notification No.F.20(I)GS-I/2013-1057 dated 01.10.2013

DSCs Purchased from 01.07.2013 to 30.9.2013 (Issue-23)

Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

530
565
605
650

1,060
1,130
1,210
1,300

5,300
5,650
6,050
6,550

10,600
11,300
12,100
13,100

53,000
56,500
60,500
65,000

106,000
113,000
121,000
130,000

530,000
565,000
605,000
650,000

1,060,000
1,130,000
1,210,000
1,300,000

700
765

1,400
1,530

7,200
8,000

14,400
15,300

70,000
76,500

140,000
153,000

700,000
765,000

1,400,000
1,530,000

9 Years

850
960
1,120

1,700
1920
2,240

9,000
10,250
11,900

17,000
19,200
22,400

85,000
96,000
112,000

170,000
192,000
224,000

850,000
960,000
1,120,000

1,700,000
1,920,000
2,240,000

10 years

1,340

2,680

14,000

26,800

134,000

268,000

1,340,000

2,680,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

Notification No.F.20(I)GS-I/2013-696 dated 28.06.2013

Page 4 of 14

DSCs Purchased from 01.01.2013 to 30-06-2013 (Issue-22)

(In Rupees)
Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

530
565
605
655

1,060
1,130
1,210
1,310

5,300
5,650
6,050
6,550

10,600
11,300
12,100
13,100

53,000
56,500
60,500
65,500

106,000
113,000
121,000
131,000

530,000
565,000
605,000
655,000

1,060,000
1,130,000
1,210,000
1,310,000

720
800

1,440
1,600

7,200
8,000

14,400
16,000

72,000
80,000

144,000
160,000

720,000
800,000

1,440,000
1,600,000

9 Years

900
1,025
1,190

1,800
2,050
2,380

9,000
10,250
11,900

18,000
20,500
23,800

90,000
102,500
119,000

180,000
205,000
238,000

900,000
1,025,000
1,190,000

1,800,000
2,050,000
2,380,000

10 years

1,400

2,800

14,000

28,000

140,000

280,000

1,400,000

2,800,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

Notification No.F.20(I)GS-I/2011-2583 dated 31.12.2012

DSCs Purchased from 12.10.2012 to 31.12.2012 (Issue-21)

(In Rupees)
Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

530
565
605
655
720
805

1,060
1,130
1,210
1,310
1,440
1,610

5,300
5,650
6,050
6,550
7,200
8,050

10,600
11,300
12,100
13,100
14,400
16,100

53,000
56,500
60,500
65,500
72,000
80,500

106,000
113,000
121,000
131,000
144,000
161,000

530,000
565,000
605,000
655,000
720,000
805,000

1,060,000
1,130,000
1,210,000
1,310,000
1,440,000
1,610,000

9 Years

910
1,040
1,210

1,820
2,080
2,420

9,100
10,400
12,100

18,200
20,800
24,200

91,000
104,000
121,000

182,000
208,000
242,000

910,000
1,040,000
1,210,000

1,820,000
2,080,000
2,420,000

10 years

1,425

2,850

14,250

28,500

142,500

285,000

1,425,000

2,850,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

Notification No.F.20(I) GS-I/2011-2292 Dated 11.10.2012

Page 5 of 14

DSCs Purchased from 27.08.2012 to 11.10.2012 (Issue-20)

(In Rupees)
Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

535
575
620
675

1,070
1,150
1,240
1,350

5,350
5,750
6,200
6,750

10,700
11,500
12,400
13,500

53,500
57,500
62,000
67,500

107,000
115,000
124,000
135,000

535,000
575,000
620,000
675,000

1,070,000
1,150,000
1,240,000
1,350,000

740
825

1,480
1,650

7,400
8,250

14,800
16,500

74,000
82,500

148,000
165,000

740,000
825,000

1,480,000
1,650,000

9 Years

935
1,075
1,255

1,870
2,150
2,510

9,350
10,750
12,550

18,700
21,500
25,100

93,500
107,500
125,500

187,000
215,000
251,000

935,000
1,075,000
1,255,000

1,870,000
2,150,000
2,510,000

10 years

1,485

2,970

14,850

29,700

148,500

297,000

1,485,000

2,970,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

Notification No.F.20(I)GS-I/2011-2051 dated 24.08.2012

DSCs Purchased from 01.07.2012 to 26.08.2012 (Issue-19)

Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

535
575
625
690

1,070
1,150
1,250
1,380

5,350
5,750
6,250
6,900

10,700
11,500
12,500
13,800

53,500
57,500
62,500
69,000

107,000
115,000
125,000
138,000

535,000
575,000
625,000
690,000

1,070,000
1,150,000
1,250,000
1,380,000

775
880

1,550
1,760

7,750
8,800

15,500
17,600

77,500
88,000

155,000
176,000

775,000
880,000

1,550,000
1,760,000

9 Years

1,010
1,175
1,385

2,020
2,350
2,770

10,100
11,750
13,850

20,200
23,500
27,700

101,000
117,500
138,500

202,000
235,000
277,000

1,010,000
1,175,000
1,385,000

2,020,000
2,350,000
2,770,000

10 years

1,650

3,300

16,500

33,000

165,000

330,000

1,650,000

3,300,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

(Notification No.20(I)GS-I/2011-909 dated 29.06.2012)

Page 6 of 14

DSCs Purchased from 01.04.2012 to 30.06.2012 (Issue-18)

Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

535
575
625
690

1,070
1,150
1,250
1,380

5,350
5,750
6,250
6,900

10,700
11,500
12,500
13,800

53,500
57,500
62,500
69,000

107,000
115,000
125,000
138,000

535,000
575,000
625,000
690,000

1,070,000
1,150,000
1,250,000
1,380,000

775
880

1,550
1,760

7,750
8,800

15,500
17,600

77,500
88,000

155,000
176,000

775,000
880,000

1,550,000
1,760,000

9 Years

1,010
1,170
1,365

2,020
2,340
2,730

10,100
11,700
13,650

20,200
23,400
27,300

101,000
117,000
136,500

202,000
234,000
273,000

1,010,000
1,170,000
1,365,000

2,020,000
2,340,000
2,730,000

10 years

1,600

3,200

16,000

32,000

160,000

320,000

1,600,000

3,200,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

(Notification No.F.20(1)GS-1/2011-477 dated 30.03.2012)

DSCs Purchased from 01.01.2012 to 31.03.2012 (Issue-17)

Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

527.50
560.00
600.00
655.00
730.00
830.00

1,055
1,120
1,200
1,310
1,460
1,660

5,275
5,600
6,000
6,550
7,300
8,300

10,550
11,200
12,000
13,100
14,600
16,600

52,750
56,000
60,000
65,500
73,000
83,000

105,500
112,000
120,000
131,000
146,000
166,000

527,500
560,000
600,000
655,000
730,000
830,000

1,055,000
1,120,000
1,200,000
1,310,000
1,460,000
1,660,000

9 Years

955.00
1,110.00
1,300.00

1,910
2,220
2,600

9,550
11,100
13,000

19,100
22,200
26,000

95,500
111,000
130,000

191,000
222,000
260,000

955,000
1,110,000
1,300,000

1,910,000
2,220,000
2,600,000

10 years

1,540.00

3,080

15,400

30,800

154,000

308,000

1,540,000

3,080,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

(Notification No.20(I)GS-1/2011-2024 dated 30.12.2011)

Page 7 of 14

DSCs Purchased from 01.10.2011 to 31.12.2011 (Issue-16)

Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

535
575
625
690
775
880

1,070
1,150
1,250
1,380
1,550
1,760

5,350
5,750
6,250
6,900
7,750
8,800

10,700
11,500
12,500
13,800
15,500
17,600

53,500
57,500
62,500
69,000
77,500
88,000

107,000
115,000
125,000
138,000
155,000
176,000

535,000
575,000
625,000
690,000
775,000
880,000

1,070,000
1,150,000
1,250,000
1,380,000
1,550,000
1,760,000

9 Years

1,010
1,175
1,385

2,020
2,350
2,770

10,100
11,750
13,850

20,200
23,500
27,700

101,000
117,500
138,500

202,000
235,000
277,000

1,010,000
1,175,000
1,385,000

2,020,000
2,350,000
2,770,000

10 years

1,650

3,300

16,500

33,000

165,000

330,000

1,650,000

3,300,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

(Notification No.20(1)GS-1/2011-1638 dated 30.09.2011)

DSCs Purchased from 01.01.2011 to 30.09.2011 Issue-15)

Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

@ 13.55% p.a.
Rs.100,000

Rs.500,000

Rs.1,000,000

540
585
640
710

1,080
1,170
1,280
1,420

5,400
5,850
6,400
7,100

10,800
11,700
12,800
14,200

54,000
58,500
64,000
71,000

108,000
117,000
128,000
142,000

540,000
585,000
640,000
710,000

1,080,000
1,170,000
1,280,000
1,420,000

800
915

1,600
1,830

8,000
9,150

16,000
18,300

80,000
91,500

160,000
183,000

800,000
915,000

1,600,000
1,830,000

9 Years

1,065
1,255
1,490

2,130
2,510
2,980

10,650
12,550
14,900

21,300
25,100
29,800

106,500
125,500
149,000

213,000
251,000
298,000

1,065,000
1,255,000
1,490,000

2,130,000
2,510,000
2,980,000

10 years

1,780

3,560

17,800

35,600

178,000

356,000

1,780,000

3,560,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

Notification No.F.20(2)GS-1/2010-1783 dated 31.12.2010

Page 8 of 14

DSCs Purchased from 01.10.2010 to 31.12.2010 Issue-14).

Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

@ 12.60% p.a.
Rs.100,000

Rs.500,000

Rs.1,000,000

540
585
640
700
790
900

1,080
1,170
1,280
1,400
1,580
1,800

5,400
5,850
6,400
7,000
7,900
9,000

10,800
11,700
12,800
14,000
15,800
18,000

54,000
58,500
64,000
70,000
79,000
90,000

108,000
117,000
128,000
140,000
158,000
180,000

540,000
585,000
640,000
700,000
790,000
900,000

1,080,000
1,170,000
1,280,000
1,400,000
1,580,000
1,800,000

9 Years

1,050
1,225
1,425

2,100
2,450
2,850

10,500
12,250
14,250

21,000
24,500
28,500

105,000
122,500
142,500

210,000
245,000
285,000

1,050,000
1,225,000
1,425,000

2,100,000
2,450,000
2,850,000

10 years

1,638

3,276

16,382

32,763

163,815

327,630

1,638,150

3,276,300

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

Notification No.F.20(2)GS-1/2010-1400 dated 30.09.2010

DSCs Purchased from 24.06.2008 to 30.09.2010 (Issue-13)

(No.F.20(2)GS-I/2007-1289 dated 24.06.2008)
@ 12.15% p.a.
Value on
completion
of period
1 Year

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

540
590
645
710

1,080
1,180
1,290
1,420

5,400
5,900
6,450
7,100

10,800
11,800
12,900
14,200

54,000
59,000
64,500
71,000

108,000
118,000
129,000
142,000

540,000
590,000
645,000
710,000

1,080,000
1,180,000
1,290,000
1,420,000

790
885

1,580
1,770

7,900
8,850

15,800
17,700

79,000
88,500

158,000
177,000

790,000
885,000

1,580,000
1,770,000

9 Years

1,005
1,150
1,325

2,010
2,300
2,650

10,050
11,500
13,250

20,100
23,000
26,500

100,500
115,000
132,500

201,000
230,000
265,000

1,005,000
1,150,000
1,325,000

2,010,000
2,300,000
2,650,000

10 years

1,575

3,150

15,750

31,500

157,500

315,000

1,575,000

3,150,000

2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

Page 9 of 14

DSC Purchased from 23.06.2007 to 23.06.2008 (Issue-12)

(No.F.20 (2)GS-I/2007-1301 dated 23.06.2007)
@ 10.15% p.a.
Value on
completion
of period

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

1 Year

535.00

1,070.00

5,350.00

10,700.00

53,500.00

107,000.00

535,000.00

1,070,000.00

2 Years

580.00

1,160.00

5,800.00

11,600.00

58,000.00

116,000.00

580,000.00

1,160,000.00

3 Years

630.00

1,260.00

6,300.00

12,600.00

63,000.00

126,000.00

630,000.00

1,260,000.00

4 Years

690.00

1,380.00

6,900.00

13,800.00

69,000.00

138,000.00

690,000.00

1,380,000.00

5 Years

755.00

1,510.00

7,550.00

15,100.00

75,500.00

151,000.00

755,000.00

1,510,000.00

6 Years

830.00

1,660.00

8,300.00

16,600.00

83,000.00

166,000.00

830,000.00

1,660,000.00

7 Years

920.00

1,840.00

9,200.00

18,400.00

92,000.00

184,000.00

920,000.00

1,840,000.00

8 Years

1,030.00

2,060.00

10,300.00

20,600.00

103,000.00

206,000.00

1,030,000.00

2,060,000.00

9 Years

1,160.00

2,320.00

11,600.00

23,200.00

116,000.00

232,000.00

1,160,000.00

2,320,000.00

10 years

1,315.00

2,630.00

13,150.00

26,300.00

131,500.00

263,000.00

1,315,000.00

2,630,000.00

DSCs Purchased from 05-06-2006 to 22.06.2007 Issue-XI

@ 10.03% p.a.
Value on
completion
of period

Rs.500

Rs.1000

Rs.5000

1 Year
2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years

530.00
565.00
605.00
650.00
700.00
770.00
855.00
960.00

1,060.00
1,130.00
1,210.00
1,300.00
1,400.00
1,540.00
1,710.00
1,920.00

5,300.00
5,650.00
6,050.00
6,500.00
7,000.00
7,700.00
8,550.00
9,600.00

9 Years

1,110.00

2,220.00

11,100.00

10 years

1,300.00

2,600.00

13,000.00

Rs.10,000

10,600.00
11,300.00
12,100.00
13,000.00
14,000.00
15,400.00
17,100.00
19,200.00

Rs.50,000

53,000.00
56,500.00
60,500.00
65,000.00
70,000.00
77,000.00
85,500.00
96,000.00

Rs.100,000

Rs.500,000

106,000.0
530,000.0
0113,000.0
0565,000.0
0
0
121,000.0
605,000.0
0130,000.0
0650,000.0
0140,000.0
0700,000.0
0154,000.0
0770,000.0
0171,000.0
0855,000.0
0192,000.0
0960,000.0
0
0
22,200.00 111,000.00 222,000.00 1,110,000.00
26,000.00 130,000.0
0

Rs.1,000,000

1,060,000.00
1,130,000.00
1,210,000.00
1,300,000.00
1,400,000.00
1,540,000.00
1,710,000.00
1,920,000.00
2,220,000.00

260,000.00 1,300,000.00 2,600,000.00

Page 10 of 14

DSCs Purchased from 01-07-2005 to 04.06.2006(Issue X)

Notification: No.F.10(4)DM-II/2003-1694 dated 08.08.2005
@ 9.46% p.a.
Value on
completion
of period
1 Year
2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years
9 Years
10 years

Rs.500

Rs.1000

Rs.5000

525.00

1,050.00 5,250.00

10,500.00

52,500.00 105,000.00 525,000.00

1,050,000.00

560.00

1,120.00 5,600.00

11,200.00

56,000.00 112,000.00 560,000.00

1,120,000.00

595.00

1,190.00 5,950.00

11,900.00

59,500.00 119,000.00 595,000.00

640.00

1,280.00 6,400.00

12,800.00

64,000.00 128,000.00 640,000.00

690.00

1,380.00 6,900.00

13,800.00

69,000.00 138,000.00 690,000.00

1,190,000.0
0
1,280,000.0
0
1,380,000.00

750.00

1,500.00 7,500.00

15,000.00

75,000.00 150,000.00 750,000.00

1,500,000.00

815.00

1,630.00 8,150.00

16,300.00

81,500.00 163,000.00 815,000.00

1,630,000.00

915.00

1,830.00 9,150.00

18,300.00

91,500.00 183,000.00 915,000.00

1,830,000.00

1,055.00 2,110.00 10,550.00

21,100.00

105,500.00 211,000.00 1,055,000.0

0
24,700.00 123,500.00 247,000.00 1,235,000.0
0

2,110,000.00

1,235.00 2,470.00 12,350.00

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

2,470,000.00

DSCs Purchased from 01-07-2004 to 30.06.2005(Issue VIII & IX) Notifications:

i) F.12(I)DM-II/2003-1403 dated 30.06.2004 ii) F.21(1)GS-I/2005-21 dated 01.01.2005
@ 8.15% p.a.
Value on
completion
of period
1 Year
2 Years
3 Years
4 Years
5 Years
6 Years
7 Years
8 Years
9 Years
10 years

Rs.500

Rs.1000

Rs.5000

Rs.10,000

Rs.50,000

Rs.100,000

Rs.500,000

Rs.1,000,000

520.00
545.00
575.00
610.00
650.00
695.00

1,040.00
1,090.00
1,150.00
1,220.00
1,300.00
1,390.00

5,200.00
5,450.00
5,750.00
6,100.00
6,500.00
6,950.00

10,400.00
10,900.00
11,500.00
12,200.00
13,000.00
13,900.00

52,000.00
54,500.00
57,500.00
61,000.00
65,000.00
69,500.00

104,000.00
109,000.00
115,000.00
122,000.00
130,000.00
139,000.00

520,000.00
545,000.00
575,000.00
610,000.00
650,000.00
695,000.00

1,040,000.00
1,090,000.00
1,150,000.00
1,220,000.00
1,300,000.00
1,390,000.00

750.00
830.00
945.00
1,095.00

1,500.00
1,660.00
1,890.00
2,190.00

7,500.00
8,300.00
9,450.00
10,950.00

15,000.00 75,000.00
16,600.00 83,000.00
18,900.00 94,500.00
21,900.00 109,500.00

150,000.00 750,000.00
166,000.00 830,000.00
189,000.00 945,000.00
219,000.00 1,095,000.00

1,500,000.00
1,660,000.00
1,890,000.00
2,190,000.00

Page 11 of 14

Note: i)

*ii)

Zakat shall be deducted only once at the time of actual encashment on the value
fallen due on the relevant valuation date i.e.(Ist Ramadhan)and not on the continuous
reinvestment after the maturity. A Zakat collection receipt duly signed by the two officers is
issued in token of the deduction of the amount.
With Holding Tax: As per directions of the Federal Government, the tax on profit from investment
shall be deducted at source a s p e r R u l e s , if such deposit exceeds Hundred and fifty Thousand
Rupees(150,000).
*Note-1: The existing exemption of WHT on profit of investment upto Rs.150,000/- in NSS has
been withdrawn w.e.f. 01.07.2013 irrespective of the date of investment(Ref: CDNS Memo
No.F.13(1)(Rules)(Sch-3/2004 dated Ist July, 2013).

7. Transfer of Certificates:
(a) From one Centre to another: Certificates are transferable from one city to another by applying on the
prescribed form (SC/6) obtainable from any NSC/ SBP BSC (BANK) office and also available at the
website of National Savings (http://www.savings.gov.pk) under the option of "Forms". The application
duly filled in along with two copies of NIC may be presented at the office of issue or at the office where
the transfer is desired. However, the certificates purchased from scheduled banks, State Bank of Pakistan,
SBP
BSC (Bank), PPO and NSC can be transferred to and from the respective branches of the issuing office /
agencies only.
(b) From one person to another: Certificates are transferable from one person to another on the expiry of
non/encashability period, by applying on the prescribed form
(SC/4). In case of death of the purchaser, certificates can be transferred in the name of nominee(s) without
any fee/charges or to the legal heir(s) on furnishing among others, a succession certificate issued by the
competent court of law, along with the following: 1. Application on the prescribed form (SC/4);
2. Death certificate of the purchase;
3. Attested photocopies of CNIC of the deceased and the nominee (s);
4. Specimen signatures of nominee (s) attested by a gazetted officer.
8. Pledging of Certificates:
Certificates can be pledged in favour of a gazetted government officer, Officers of the State Bank of
Pakistan, Officer of a Local Authority, or an Officer of a Government Sponsored Corporation or an officer
of a scheduled bank, in his official capacity, for the purpose of being treated as security. The value of
security shall be the payable value of the certificates including the amount of profit.
9. Replacement of Lost/Destroyed Or Damaged Certificates:
If a certificate is lost, or destroyed, the purchaser or his nominee(s) or heir(s), as the case may be, entitled to
have duplicate certificates issued from the issuing office on completion of certain requirements which,
among others, include the following:i)
ii)
iii)

A copy of First Information Report (FIR) or "Roznamcha" in case the value exceeds
Rs.10,000.
Application for the issuance of certificates clearly mentioning the circumstances leading
to the loss.
Photocopies of CNIC of the purchaser(s).

Page 12 of 14

iv)
v)

Deposit of prescribed fee with the issuing office.

Indemnity Bond on Rs.50 stamp paper (specimen obtainable from any NS Centre).

10. Institutional Investment:

Following institutions can also invest in the scheme in terms of Finance Division, Notification
No.F21(1)GS-I/2006-1071 dated 28.05.2007:
a.
b.
c.
d.
e.
f.

Registered Charities (Non-profit bodies).

Public Sector Enterprises excluding Banks.
Private Educational & Health Institutions.
Employees Old Age Benefit Institutions (EOBIs).
Private Corporate Sector registered with the SECP excluding Banks.
Non-Bank Financial Institutions (NBFIs) excluding Insurance Companies.

Note-1: All Institutional Investment in DSCs and SSCs shall be discontinued with immediate effect in terms of
Finance Divisions Notification No.F.21(I)GS-I/2011-1406 & Notification No.F.21(1)GS-I/2011-1407 both
dated 11.08.2011 respectively.
Note-2: DSC Sub Rule-4(5) of DSC Rules, 1966 amended vide Finance Divisions Notification No.F.21(I)GS-I/2011876 dated 27.06.2012 and
Provided that institutions may invest individual funds such as pension, gratuity, superannuation,
contributory provident funds and trusts etc, in these certificates.
Note-3:

11. Investment From Abroad:

Investors from abroad may send applications along with remittance of the desired amounts either directly to
the Director General or concerned Director/Joint Director or to the National Savings Centres, where
investment is desired to be made. The remittance of the amount may be made either through a cheque or
bank draft in the official designation of the concerned payee. The certificate shall be issued/account opened
after the remittance accompanying the application is enclosed and credited to Government account.
The Principal and profit accrued on a certificate issued/account opened, against foreign exchange received
through remittance or transfer from foreign currency account or surrendering foreign exchange bearer
certificates/dollar bearer certificates shall be payable abroad to the purchaser in foreign currency, if so
desired by the investor.
The amount received in foreign currency shall be converted into Pakistani rupees, in accordance with the
exchange rates prevailing on the date of clearance of the bank draft. The amount of principal or profit will
be converted into foreign currency in accordance with the exchange rates prevailing on the date of
remittance.
12. Sale Of Defence Savings And Special Savings Certificates Abroad Through
Overseas Branches Of Scheduled Banks Of Pakistan.
All branches of Pakistani Scheduled Banks Operating Abroad are allowed, in principle, to sell Defence
Savings Certificates (DSCs)/Special Savings Certificates (SSCs) to Overseas Pakistanis against foreign
currency on repatriable basis provided regulatory sanction/permission of the concerned country is available.
The payment of principal and or profit of certificates, so issued is also payable abroad in local currency
from the same branch of the bank. These certificates are transferable from one person to another and also to
Pakistan in any branch of the same bank from where the certificate purchased.

Page 13 of 14

2. At the time of purchase, the face value of the certificates in Pak. Rupees is converted in local foreign
currency at the prevailing rate for Pak. Rupees so as to generate Pak. Rupee equivalent to the face value of
the certificate required. Similarly, at the time of encashment of profit and principal, the payable rupees
amount is converted into foreign currency at the T.T. spot buying rate for Pak. Rupees on the date of
payment.
3. In case of death of the purchaser, the amount of principal and or profit accrued on these certificates is
payable to nominee(s) or legal heirs, if so desired?
4. Recently, the sales of Defence Savings Certificates and Special Savings Certificates have been started by
the branches of HBL and UBL Operating in UAE after the grant of regulatory permission by the Central
Bank UAE for sale of these securities of Government of Pakistan. The sale of these certificates would also
be started in other countries as and when necessary regulatory permission is accorded by the Central Bank
of the respective countries.

Page 14 of 14