The Behbood Savings certificate was introduced by National Savings (aka Qaumi Bachat Bank) in 2003 to support widows, senior citizens, and differently-abled persons by offering a monthly profit on investment.
Behbood Savings Certificates come in six denominations: Rs5000, Rs10000, Rs50000, Rs100000, Rs500000, and Rs1000000 with cash, cheque, draft, and pay order as mode of investment.
Buyers can cash-in on their Behbood Savings Certificates within 10 years of their initial purchase.
Who can purchase Behbood Savings Certificate?
Behbood Savings Certificates can only be purchased by the following group of Pakistani citizens:
(a) Senior citizens aged 60 or above.
(b) Widow as long as she doesn’t remarry.
(c) Two eligible persons as in clause (a) and (b) in their joint names.
(d) Disabled persons holding NIC with disability logo, and special minors through their guardian.
Behbood Savings Certificate profit rate for Oct 2024
Qaumi Bachat revised the profit rates on various investment, including Behbood, certificates in September 2024. It also decreased the profit on Behbood Savings Certificates.
The profit rate on Behbood Savings Certificates, as of October 19, 2024, stands at 14.16% or Rs1,180 on every Rs100,000 investment made against said certificate.
It is worth mentioning that withholding tax is not collected on the profit earned on Behbood Savings. This certificate is also exempt from Zakat collection.
