Savings Bank Rates
Savings Bank Certificates Rates
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Savings
Bank
Historical Rates
Remained Applicable On Defence Savings Certificates
From 25th November, 1993 Onwards
|
Effective Period |
Rate
(% p.a.) |
Payable Amount (Principal + Profit ) On Investment of Every
Rs.100,000/- On Completion Of |
|
From |
To |
1st Year |
2 Years |
3 Years |
4 Years |
5 Years |
6Years |
7 Years |
8 Years |
9 Years |
10 Years |
|
25-Nov-93 |
12-Nov-96 |
16.00% |
113,000 |
128,000 |
147,000 |
170,000 |
198,000 |
232,000 |
272,000 |
319,000 |
375,000 |
441,000 |
|
13-Nov-96 |
13-May-99 |
18.04% |
114,500 |
132,000 |
153,000 |
178,000 |
208,000 |
246,000 |
294,000 |
354,000 |
429,000 |
525,000 |
|
14-May-99 |
31-Dec-99 |
15.97% |
112,000 |
130,000 |
150,000 |
172,000 |
200,000 |
232,000 |
270,000 |
316,000 |
380,000 |
440,000 |
|
01-Jan-00 |
30-Jun-00 |
15.01% |
111,000 |
128,000 |
146,000 |
166,000 |
192,000 |
221,000 |
253,000 |
295,000 |
352,000 |
405,000 |
|
01-Jul-00 |
30-Jun-01 |
14.01% |
109,000 |
121,000 |
138,000 |
157,000 |
184,000 |
210,000 |
238,000 |
275,000 |
322,000 |
371,000 |
|
01-Jul-01 |
31-Dec-01 |
15.01% |
110,000 |
123,000 |
142,000 |
162,000 |
192,000 |
221,000 |
254,000 |
295,000 |
348,000 |
405,000 |
|
01-Jan-02 |
30-Jun-02 |
14.13% |
109,000 |
121,000 |
138,000 |
157,000 |
184,000 |
210,000 |
238,000 |
275,000 |
322,000 |
375,000 |
|
01-Jul-02 |
31-Dec-02 |
11.61% |
107,000 |
115,000 |
124,000 |
135,000 |
149,000 |
165,000 |
186,000 |
210,000 |
250,000 |
300,000 |
|
01-Jan-03 |
30-Jun-03 |
10.03% |
106,000 |
113,000 |
121,000 |
130,000 |
140,000 |
154,000 |
171,000 |
192,000 |
222,000 |
260,000 |
|
01-Jul-03 |
31-Dec-03 |
8.50% |
105,000 |
111,000 |
118,000 |
126,000 |
135,000 |
145,000 |
157,000 |
174,000 |
197,000 |
226,000 |
|
01-Jan-04 |
30-Jun-04 |
7.96% |
104,000 |
109,000 |
114,000 |
120,000 |
127,000 |
138,000 |
150,000 |
165,000 |
188,000 |
215,000 |
|
01-Jul-04 |
30-Jun-05 |
8.15% |
104,000 |
109,000 |
115,000 |
122,000 |
130,000 |
139,000 |
150,000 |
166,000 |
189,000 |
219,000 |
|
01-Jul-05 |
04-Jun-06 |
9.46% |
105,000 |
112,000 |
119,000 |
128,000 |
138,000 |
150,000 |
163,000 |
183,000 |
211,000 |
247,000 |
|
05-Jun-06 |
22-Jun-07 |
10.03% |
106,000 |
113,000 |
121,000 |
130,000 |
140,000 |
154,000 |
171,000 |
192,000 |
222,000 |
260,000 |
|
23-Jun-07 |
23-Jun-08 |
10.15% |
107,000 |
116,000 |
126,000 |
138,000 |
151,000 |
166,000 |
184,000 |
206,000 |
232,000 |
263,000 |
|
24-Jun-08 |
Till Date |
12.15% |
108,000 |
118,000 |
129,000 |
142,000 |
158,000 |
177,000 |
201,000 |
230,000 |
265,000 |
315,000 |
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.
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 made on or after the 1st July, 2002, shall
be deducted at source at the rate of Ten Percent (10%) of such profit if
such deposit exceeds Hundred and fifty Thousand Rupees (150,000).
* Courtesy:
National Savings Center official web site
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