Prize Bond Draw Hints: “REGULAR INCOME CERTIFICATES” plus 5 more



Prize Bond Draw Hints: “REGULAR INCOME CERTIFICATES” plus 5 more


Posted: 15 Mar 2012 08:26 AM PDT
REGULAR INCOME CERTIFICATES [Profit Rates]


Keeping in view the monthly requirements of the general public, this five years' maturity scheme was launched on 2nd February, 1993. These certificates are available in the denomination of Rs.50,000, Rs.100,000, Rs.500,000, Rs.1,000,000, Rs.5,000,000 & Rs.10,000,000/=. Profit is paid on monthly basis reckoned from the date of issue of certificates.


Who Can Invest .
These certificates can be purchased by a single adult, a minor or 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. In addition to above individual investors, the following institutions are also allowed to invest in the scheme, subject to their registration under the relevant law for the time being in force:
a. Registered Charities (Non-profit bodies).
b. Public Sector Enterprises excluding Banks.
c. Private Educational & Health Institutions.
d. Employees Old Age Benefit Institutions (EOBIs).
e. Private Corporate Sector registered with the SECP excluding Banks.
f. Non-Bank Financial Institutions (NBFIs) excluding Insurance Companies.
How To Purchase.
These certificates can be purchased from any National Savings Centre (NSCs) or from Pakistan Post Office (PPO) by filling in a prescribed form called SC-1, which is available at all the above offices of issue free of cost. 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). To download application form in editable Adobe Acrobat format, please click here.
Mode of Deposit.
These certificates can be purchased by depositing cash at the issuing office or by presenting a cheque. The certificates shall immediately be issued on receipt 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.

What Is The Investment Limit.
The minimum investment limit is Rs.50,000/-, however, there is no maximum limit of investment in this scheme.

What About Redemption.
These certificates are encashable any time subject to deduction of service charges at the following rates:




if encashed before completion of one year from the date of issue.   @ 2.00%  of the face value
if encashed after one year but before completion of 02 years from the date of issue.   @ 1.50%   of the face value
if encashed after two years but before completion of 03 years from the date of issue.   @ 1.00%   of the face value
if encashed after three years but before completion of 04 years from the date of issue.   @ 0.50%   of the face value
What is the return.
At the prevailing rates monthly profit of Rs.980/- (excluding withholding tax) is paid on investment of each Rs.100,000/-. This way the profit rate works to 11.76% p.a. However, the facility of automatic reinvestment of profit to earn further profit is not available in this scheme. 


Tax & Zakat Status.
The profit earned on these certificates is subject of deduction of 10% withholding tax at source.  However, the investment made in this scheme is exempt from collection of Zakat.


Posted: 15 Mar 2012 08:23 AM PDT
PROFIT RATES - REGULAR INCOME CERTIFICATES (RIC)
Historical Rates Remained Applicable On Regular Income Certificates From 13th November, 1996 Onwards.





Note: The above monthly profit has been worked out on Rs.100,000/-. You can easily calculate profit on your investment by dividing the relevant amount of the table with 100,000 and then multiplying with the amount you have invested.


Posted: 15 Mar 2012 08:18 AM PDT
Historical Rates Remained Applicable On Special Savings Certificates (Regd.)/ Accounts From 13th November, 1996 Onwards






Posted: 15 Mar 2012 08:13 AM PDT
SPECIAL SAVINGS CERTIFICATES (REGISTERED) [Profit Rates]


Keeping in view the periodic needs of depositors, this three years' maturity scheme was introduced in February, 1990. These certificates are available in the denomination of Rs.500, Rs.1000, Rs.5,000, Rs.10,000, Rs.50,000, Rs.100,000, Rs.500,000 and Rs.1,000,000/=. Profit is paid on the completion of each period of six months.
Who Can Invest .
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. In addition to the above individual investors, the following institutions can also invest in the scheme, subject to their registration under the relevant law for the time being in force:
a. Registered Charities (Non-profit bodies).
b. Public Sector Enterprises excluding Banks.
c. Private Educational & Health Institutions.
d. Employees Old Age Benefit Institutions (EOBIs).
e. Private Corporate Sector registered with the SECP excluding Banks.
f. Non-Bank Financial Institutions (NBFIs) excluding Insurance Companies.
How To Purchase.
These certificates can be purchased from any National Savings Centre (NSC), Pakistan Post Office (PPO), Authorized branches of Scheduled Banks branches  and the offices of State Bank of Pakistan (SBP) by filling in a prescribed form called SC-1, which is available at all the above offices of issue free of cost.  A copy of the Computerized National Identity Card (CNIC) or in case of a foreign national, a copy of the Passport is required to be attached with the application form. To download application form in editable Adobe Acrobat format, please click here.
Mode of Deposit.
These certificates can be purchased by depositing cash at the issuing office or by presenting a cheque. The certificates shall immediately be issued on receipt 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.

What Is The Investment Limit.

The minimum investment limit is Rs.500/-, however, there is no maximum limit of investment in the scheme.

What About Redemption.
These certificates are 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.
What Will I Get As Profit.
At prevailing rates, the profit is paid @11.60% p.a. for 1st five profits and @ 12.00% p.a. for the last profit. However, if the profit is not withdrawn on due date it will automatically stand reinvested and would be calculated for further profit on completion of the next 06 months' period. 

Tax & Zakat Status.
At present, the profit earned is exempt from withholding tax, if the total investment in the scheme by the investor(s) does not exceed Rs.150,000/-.  However, withholding tax @ 10% is deductible at source on the profit(s) earned if the total investment exceeds Rs.150,000/- by the investor(s). Zakat is collected at source as per rules.


Posted: 15 Mar 2012 08:08 AM PDT
PROFIT RATES - DEFENSE SAVING CERTIFICATES (DSC)
Historical Rates Remained Applicable On Defense Savings Certificates From 25th November, 1993 Onwards.





Note: The above payable amounts have been worked out on Rs.100,000/-. You can easily calculate your investment by dividing the relevant amount of the table with 100,000 and then multiplying with the amount you have invested.


Posted: 15 Mar 2012 08:02 AM PDT
DEFENSE SAVINGS CERTIFICATE * (Profit Rates)


The Government of Pakistan introduced Defence Savings Certificate scheme in the year 1966. The scheme has specifically been designed to meet the future requirements of the depositors. This is 10 years' maturity scheme with built in feature of automatic reinvestment after the maturity. 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 and Rs.1,000,000/=.
Who Can Invest .
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. In addition to above individual investors, the following institutions are also allowed to invest in the scheme, subject to their registration under the relevant law for the time being in force:
a. Registered Charities (Non-profit bodies).
b. Public Sector Enterprises excluding Banks.
c. Private Educational & Health Institutions.
d. Employees Old Age Benefit Institutions (EOBIs).
e. Private Corporate Sector registered with the SECP exclu?ing Banks.
f. Non-Bank Financial Institutions (NBFIs) excluding Insurance Companies.
How To Purchase.
These certificates can be purchased from any National Savings Centre (NSC), Pakistan Post Offices (PPO), Authorized branches of Scheduled Banks and State Bank of Pakistan (SBP) by filling in a prescribed form called SC-1, which is available at all the above offices of issue free of cost.    A copy of the Computerized National Identity Card (CNIC) or in case of a foreign national, a copy of the Passport is required to be attached with the application form. To download application form in editable Adobe Acrobat format, please click here.
Mode of Deposit. These certificates can be purchased by depositing cash at the issuing office or by presenting a cheque. The certificates shall immediately be issued on receipt 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.

What Is The Investment Limit.
The minimum investment limit is Rs.500/-, however, there is no maximum limit of investment in this scheme.
What About Redemption.
These certificates are encashable at par any time after the date of purchase. However, no profit is payable if encashment is made before completion of one year.
What is the return.
In this scheme the profit is paid on maturity or encashment for completed years. Every Rs.100,000/- will become Rs.105,500/-, Rs.112,000/-, Rs.120,000/-, Rs.131,000/-, Rs.146,000/-, Rs.166,000/-, Rs.191,000/-, Rs.222,000/-, Rs.260,000/- and Rs.308,000/- on completion of 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10 years, respectively. These rates are effective from 1st January, 2012. The average compound rate of return on maturity presently works to 11.90% p.a. For any other time period rates table is also available on website.
 
Tax & Zakat Status.
At present, the profit earned is exempt from withholding tax, if the total investment in the scheme by the investor(s) does not exceed Rs.150,000/-.  However, withholding tax @ 10% is deductible at source on the profit(s) earned if the total investment exceeds Rs.150,000/- by the investor(s). The Zakat is collected at source as per rules.

Prize Bond Draw Hints: “REGULAR INCOME CERTIFICATES” plus 5 more Prize Bond Draw Hints: “REGULAR INCOME CERTIFICATES” plus 5 more Reviewed by Humza Group on 9:45 PM Rating: 5

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