On July 30, 2003, the Government of Pakistan had started a Behbood savings certificate (BSCs) with a maturity duration of 10-years. Moreover, this was formed by keeping the view of the hardships of the widows and senior citizens. At the start, it just worked for widows' women. From January 1, 2004, a great decision was taken to give these facilities from National savings to senior citizens aged 60 years and above. From April 23, 2018, it is again extended to provide this facility for Disables holding NIC with Disability logo or Special Minors. Moreover, the availability of Behbood savings certificates denominations present in such way:
· Rs.5, 000/-
· Rs. 10,000/-
· Rs. 50,000/-
· Rs. 100,000/-
· Rs. 500,000/-
· Rs. 1,000,000/-
However, You can earn a profit every month from the date of purchasing the certificate.
Behbood Savings Certificates
BSCs can take anyone of the below citizens of Pakistani. Moreover, these include:
· A senior citizen of 60 years old or more.
· A widow includes that does not marry after a long time. Now, she is single and helpless.
· Two deserving citizens as referred to in points (a) and (b) of declaration (a) in their trust account.
However, it disables keeping NIC with Disability badge, and specific negligible by a Guardian.
The holders may collect purchases together or to either (Joint Class-B) and either (Joint Class-A) with that of each other's written permission.
BSC can buy just from the filling in SC-1 (Application Form) by National Savings Centers (NSC). Moreover, it is accessible free of charge from the authorizing offices. So, necessary documents by an application process are like : Disabled people: A version of the National Identification Card/Computerized National Identification Card (CNIC).
To download application form in editable Adobe Acrobat format please click here.
Abroad Pakistanis' National Identification Card (NICOP) Widows. · NICOP/CNIC · A especially releases a copy of the husband's death certificate from the department concerned. Moreover, an assurance on the registration card is not correctly confirmed by the Notary Public/Oath Officer carrying her sign and signature until the time of collection. · Immediately, because it is reporting also that woman is remarried. Furthermore, the provides specialty her would offer to refund of National savings in compliance with the law.
-
Behbood savings certificates can buy by grant a payment/ / pay-order by transferring cash at the authorizing office, in the likelihood of payment by bank account. Moreover, the certificates shall be given concerning the decision on which the payment is made following the clearing guidance issuance. Therefore, the certificates shall be delivered correctly toward the cash amount.
The minimum amount limit is Rs. 5,000/—
· Up to maximum have no limit
· Rs.5 million for a single investor
· Rs.10 million for a joint investor
Ways for Encashment:
BSCs can enchase any time after payment of service charges issuing subject at the best available price: However, certificates enchases prior the duration of 1,2,3 and 4 years from the date of selling are a deduction from the total value of 1 percent, 0.75 percent, 0.50 percent, and 0.25 percent additional fees, respectively. If this certificate enchases on the completion of 4 years, no service charge will deduct. Furthermore, the Certificates issued on or after 15-11-2010 shall not be reinvested on maturity.
Tax & Zakat Status
On the gain on BSCs, withholding tax is not collecting. The money invested in the BSC is also restricting from the list of Zakat.
What is the most crucial period of BSC?
BSC is ten years of intense periods. In this period, you will learn and do a lot of work for your profit and human services.
Are taxes receiving on BSC?
No, the amount receiving on the Behbood Savings Certificate is never purchasing for tax payable.
What is Pledgeable on BSC?
No, there is no Pledgeable on BSC.
Can BSC be transferable?
No BSC is not transferable.
Who can invest in BSC?
CNIC with the logo of disability of Pakistani nationals can purchase BSC of Senior citizens, Widows, and Disables having.
The government of Pakistan is doing its best services to secure all rights of widows and senior citizens. In this regard, they try their best to reduce all the hardships of senior citizens and widows from their services. The starting of this acceptable policy comes from Behbood Savings Certificates (BSCs) at the composition of a 10-years as an excellent and robust period. It starting come into being with only one purpose to secure the widow's rights. But with passing time, it is growing and extend from including senior citizen aged 60 years and above 60 people. But, today, it becomes more and more extensive and joins Disables persons with NIC. So, they will come with a Disability logo, and Special Minors also includes in this policy.
From the establishing policy of Behbood Savings Certificates, Pakistan's government is doing good from national saving. Moreover, everyone can invest money in this project. There are following citizens who can purchase BSCs easily. First of all, it is beneficial for a widow who cannot make merry after a long time. She can buy and achieve completely secure from all hardships. Moreover, the extended government of Pakistan also includes senior citizens 60 years of age and above. Also, a bright policy for two eligible citizens as in dispute (a) and (b) in their comprising names. A fantastic offer for disabled people who have disability NIC with identification, and particular minor from their Guardian's support. So, it is the best place for hardship and helpless people.
Behbood Savings Certificates (BSCs) are best and honorable for hardship and disabled persons. Because you can buy it in a decent way to secure their right and reduce their problems. The government of Pakistan is spending handsome amounts from National savings and providing the comfortable to widows, disabled and senior citizens. So, come here, everyone, and put their critical role as a respectable citizen. The process for its applying is straightforward and safe. The people living in Pakistan come here with a copy of CNIC. While citizens who live out of the country buy it with NICOP, a widow can purchase it with a copy of her husband's concerned department issued Death Certificate.
