National Savings Schemes – Special Savings Certificates (SSCs)

Public debt schemes plays a vital role in promoting savings in the economy and generating necessary funds for the Government to finance the budgetary deficit and infrastructure projects. In Pakistan, Central Directorate of National Savings is responsible for management of the Public Debt Schemes.

Special Savings Certificates (SSCs) scheme was launched on February 4, 1990 with a guaranteed return in form of profit payable on six monthly basis. The target audience of this schemes are primarily small and medium savers who needs funds to meet their financial needs periodically. While the profit rates are usually high on this scheme, the investment is also risk free with sovereign guarantee of the Government of Pakistan. As on Jan 2020, an amount of Rs. 404.8 billion has been invested by the public in these certificates alone which speaks for itself of its popularity.

If you intend to invest in this scheme and you don’t have complete information, here we have prepared a summary of the product features so that you can make the decision easily:

FormScript formMaturity Period3 yearsProfit Payment periodProfit is payable on the completion of six months.Current Profit Rate11.0% per annumWho is eligible to invest?Pakistani Nationals Foreign NationalsInstitutions (only for pension, gratuity, superannuation, provident fund and trust fund etc.)From where can I purchase these certificates?National Savings Centers, Pakistan Post OfficeState Bank of Pakistan officesAuthorized branches of a commercial BanksWhat is the investment limit?Minimum: Rs.500/-No maximum investment limitsHow can I redeem these certificates?Redeemable at par any time after the date of purchase. However, no profit is payable if the encashment is made before completion of six months.Other deductionsZakat and Tax is deductible as per rules.What if I lost SSC script?Duplicate certificate is issued.Is re-investment allowed?Automatic re-investment is not allowed, however you can encash and invest again.

For further details and updated information you may visit the official website of CDNS at www.savings.gov.pk.