The National Savings Organization, also called Qaumi Bachat Bank, is the biggest financial institution in Pakistan. It has around Rs3.4 trillion in assets and serves over four million customers across the country. The bank has been important in encouraging people to save money in Pakistan and also helps the government with money for its needs like building roads and schools.
Qaumi Bachat Bank Profit Rates January 2024
They offer different things to buy, like Defence Savings Certificates, for both people living in Pakistan and those living abroad. These certificates last for 10 years and can be bought in different amounts, starting from Rs.500 up to Rs.1,000,000. To get one, you can pay with cash, a check, a draft, or a pay order at their offices.
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You can cash in the certificates anytime after you buy them, but you won’t get any extra money if you do it before a year. The bank recently raised the amount of money they give for their products, including Defence Savings Certificates.Now, the profit rate for Defence Savings Certificates is 14.1 percent.