Government increases profit rates on National Saving Schemes certificates
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Profit rate on savings account to remain at 5.5%
New rates to come into effect from January 21
The government on Thursday issued revised profit rates for National Saving Schemes certificates, according to a notification.
According to the new rates, the profit on the Defence Saving Certificate has been revised to 9.42% from 8.49%. Likewise, profit on Regular Income Certificates has increased to 9% from 8.04%.
The profit rate on the Special Savings Certificate has increased from 7.77% to 7.97%, while the Behbood Savings Certificates profit rate has increased to 11.28% from 10.32%.
The profit rate has also been increased on Pensioners Benefit Accounts to 11.28% from 10.32%. The profit rate has also increased on the Shuhada Family Welfare Account to 11.28% from 10.32%.
SBP extends Rs40,000 prize bond encashment deadline to Dec 2021
The government discontinued the bond in June 2019 SAMAA | Samaa Money - Posted: Dec 11, 2020 | Last Updated: 4 months ago SAMAA | Samaa Money Posted: Dec 11, 2020 | Last Updated: 4 months ago
Photo: SAMAA Digital FILE
The State Bank of Pakistan has extended the deadline to encash Rs40,000 prize bonds by one year. You now have until December 31, 2021 to redeem these prize bonds.
The government discontinued these bonds in June 2019, but
allowed people to encash them by March 31, 2020. The deadline was extended till
December 2020 before being extended by another year. The new policy is part of
a drive to curb money laundering and tax evasion, one of the conditions
SBP discontinues Rs 25,000 National Prize Bond
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The bonds can be converted to Rs 25,000 denomination Premium bonds
KARACHI (Dunya News) – Fulfilling another requirement of the Financial Action Task Force (FATF), State bank of Pakistan (SBP) has halted the sale of Rs25,000 denomination prize bonds with immediate effect. The National Prize Bonds will not be encashed or redeemed after May 31, 2021.
According to the notification issued by SBP, cash payment for encashments of cited bonds is NOT allowed. However, the bondholder(s) shall have the following options to replace or encash these bonds;
The bonds can be converted to Rs 25,000 denomination Premium bonds (Registered) through the16 field offices of SBP Banking Services Corporation, and branches of six authorized commercial banks i.e. National Bank of Pakistan, Habib Bank Limited, United Bank Limited, MCB Bank Limited, Allied Bank Limited and Bank Alfalah Limited.
Government discontinues Rs25,000 prize bonds
You can cash yours by May 31, 2021 SAMAA | Bilal Hussain - Posted: Dec 10, 2020 | Last Updated: 4 months ago SAMAA | Bilal Hussain Posted: Dec 10, 2020 | Last Updated: 4 months ago
The government has discontinued the Rs25,000 denomination prize bonds with immediate effect. It will no longer issue these bonds while those in possession can be cashed or replaced with other bonds by May 31, 2021.
If you currently have this particular bond, you have till May 2021 to avail one of three choices. You can cash it any time, convert it into either a Special Savings Certificate or Defence Savings Certificate or convert it into a Premium Prize Bond.
Official: SBP Discontinues Rs 25,000 National Prize Bond propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.