Qaumi Bachat Bank, also known as The National Savings Organization, emerges as the largest financial institution in Pakistan. Boasting a substantial portfolio exceeding Rs3.4 trillion, it caters to a widespread customer base of over four million individuals nationwide. Renowned for championing a strong savings ethos, Qaumi Bachat Bank not only safeguards the financial goals of individuals but also plays a pivotal role in supporting government fiscal needs and infrastructure initiatives.
Among its diverse array of offerings, Qaumi Bachat Bank presents an enticing range of financial products, notably the Defence Savings Certificates, accessible to both Pakistani nationals and those residing overseas. Distinguished by a decade-long maturity period, these certificates are available in denominations catering to various financial preferences, ranging from Rs.500 to Rs.1,000,000. This ensures flexibility and inclusivity, making these certificates a strategic choice for a wide spectrum of investors.
To acquire a Defence Savings Certificate at Qaumi Bachat Bank, customers can conveniently deposit cash, cheque, draft, or pay order at the Issuing Office. While these certificates can be encashed at any time post the purchase date, it’s important to note that no profit is applicable if encashment occurs within the initial year. Additionally, taxes are applicable on these certificates, adding a crucial aspect to consider in one’s financial strategy.
Qaumi Bachat Bank Latest Profit Rates
In a recent update, Qaumi Bachat Bank has made changes to the profit rates for various products, specifically the Defence Savings Certificates. As per the latest information, the profit rate for Defence Savings Certificates now stands at an impressive 14.1%. This adjustment enhances the appeal of these certificates.