Pakistan’s National Savings profit rates were revised again with effect from September 4, 2026, changing the returns available on several popular government-backed savings schemes.
The latest revision reduced profit rates on products including Behbood Savings Certificates, Pensioners’ Benefit Accounts, Regular Income Certificates and Defence Savings Certificates. However, the ordinary Savings Account rate remains unchanged at 10.00% per annum.
The new rates apply to eligible fresh investments made under the latest rate schedule. Investors who already hold certificates should check the terms applicable to the date their investment was made before assuming the latest rate automatically applies to an existing certificate.
National Savings Profit Rates — Latest Table
| National Savings Scheme | Latest Profit Rate | Effective From | Maturity / Tenure | Profit Payment | Best Suited For |
|---|---|---|---|---|---|
| Behbood Savings Certificate (BSC) | 12.60% p.a. | September 4, 2026 | 10 years | Monthly | Senior citizens, eligible widows and persons with disabilities |
| Pensioners’ Benefit Account (PBA) | 12.60% p.a. | September 4, 2026 | 10 years | Monthly | Eligible government, armed forces and other qualifying pensioners |
| Shuhada Family Welfare Account (SFWA) | 12.60% p.a. | September 4, 2026 | 10 years | Monthly | Eligible family members of martyrs |
| Defence Savings Certificate (DSC) | 11.61% p.a. | September 4, 2026 | 10 years | Accumulated return / encashment | Long-term savers seeking compounded growth |
| Regular Income Certificate (RIC) | 11.16% p.a. | September 4, 2026 | 5 years | Monthly | General investors wanting regular monthly income |
| Special Savings Certificate (SSC) | 10.90% p.a. for first five six-month periods; 12.00% for sixth | September 4, 2026 | 3 years | Every six months | Small and medium investors wanting periodic returns |
| Special Savings Account (SSA) | 10.90% p.a. for first five six-month periods; 12.00% for sixth | September 4, 2026 | 3 years | Every six months | General savers who prefer an account instead of certificates |
| Short Term Savings Certificate — 3 Months | 10.86% p.a. | September 4, 2026 | 3 months | At maturity | Short-term investors |
| Short Term Savings Certificate — 6 Months | 10.86% p.a. | September 4, 2026 | 6 months | At maturity | Short-term investors |
| Short Term Savings Certificate — 12 Months | 11.28% p.a. | September 4, 2026 | 1 year | At maturity | Investors wanting a one-year government savings option |
| Savings Account (SA) | 10.00% p.a. | Unchanged | No fixed maturity | Periodic | General savers requiring easier access to their money |
| Sarwa Islamic Savings Account (SISA) | 11.25% anticipated profit rate | September 4, 2026 | No fixed maturity | Monthly | Savers looking for a Shariah-compliant savings account |
| Sarwa Islamic Term Account — 1 Year | 11.25% anticipated profit rate | September 4, 2026 | 1 year | At maturity | Shariah-compliant fixed-term investors |
| Sarwa Islamic Term Account — 3 Years | 11.16% anticipated profit rate | September 4, 2026 | 3 years | Half-yearly | Medium-term Shariah-compliant investors |
| Sarwa Islamic Term Account — 5 Years | 11.16% anticipated profit rate | September 4, 2026 | 5 years | Monthly | Longer-term investors seeking Shariah-compliant regular income |
National Savings offers conventional products to different categories of investors, while its Rafa National Savings window provides the Sarwa Islamic Savings Account and Sarwa Islamic Term Accounts under a Shariah-compliant structure.
How Much Does Behbood Savings Pay on Rs100,000?
At the latest 12.60% annual rate, a Behbood Savings Certificate generates approximately:
Rs1,050 per month for every Rs100,000 invested.
This means an investment of Rs1 million would generate approximately Rs10,500 per month, subject to the applicable scheme rules.
The same 12.60% rate currently applies to the Pensioners’ Benefit Account and Shuhada Family Welfare Account.
Behbood Savings Certificates are specifically available to eligible senior citizens, widows and persons with disabilities rather than the general investing public.
Regular Income Certificate Profit on Rs100,000
The latest Regular Income Certificate rate is 11.16% per annum.
At this rate:
Rs100,000 investment = approximately Rs930 per month before applicable tax.
An investment of Rs1 million would therefore generate approximately Rs9,300 per month before tax.
Regular Income Certificates have a five-year maturity and are designed for investors who want a predictable monthly income stream. National Savings allows Pakistani nationals as well as Overseas Pakistanis to purchase RICs.
Short-Term National Savings Rates
Investors who do not want to commit their money for several years can consider Short Term Savings Certificates.
The current rates are:
- 3-month certificate: 10.86% per annum
- 6-month certificate: 10.86% per annum
- 12-month certificate: 11.28% per annum
Short Term Savings Certificates are available to Pakistani nationals and Overseas Pakistanis and have no maximum investment limit, although the minimum investment is Rs10,000.
Interestingly, while several National Savings rates fell in the September revision, the 12-month Short Term Savings Certificate increased to 11.28%.
Special Savings Certificate and Special Savings Account Rates
Both the Special Savings Certificate and Special Savings Account have a three-year maturity period.
Under the latest schedule, the profit rate is:
- 10.90% per annum for the first five six-month profit periods
- 12.00% per annum for the sixth and final six-month period
Profit is paid every six months.
These products are open to Pakistani nationals and Overseas Pakistanis, making them an option for general investors who want periodic returns without committing funds for five or ten years.
Latest Sarwa Islamic Savings Rates
National Savings also offers Shariah-compliant investment products through Rafa National Savings.
The latest anticipated profit rates are:
- Sarwa Islamic Savings Account (SISA): 11.25%
- 1-Year Sarwa Islamic Term Account: 11.25%
- 3-Year Sarwa Islamic Term Account: 11.16%
- 5-Year Sarwa Islamic Term Account: 11.16%
SISA has no fixed tenure and calculates profit on the daily closing balance, with profit distributed monthly.
SITA provides fixed-term Shariah-compliant investment options with tenures of one, three and five years. The minimum investment for SITA is Rs50,000, while National Savings states that there is no upper investment limit.
Unlike conventional National Savings products, the Sarwa Islamic schemes operate under a Wakala-bil-Istismar structure through Rafa National Savings.
Which National Savings Scheme Has the Highest Profit Rate?
As of September 2026, the highest headline rate among the major National Savings products is 12.60% per annum, available on:
- Behbood Savings Certificates
- Pensioners’ Benefit Accounts
- Shuhada Family Welfare Accounts
However, these schemes have specific eligibility requirements and are not available to every investor.
For the general public, the appropriate scheme depends on whether the investor wants monthly income, short-term investment, long-term growth or Shariah-compliant savings.
Regular Income Certificates currently offer 11.16% with monthly profit, while the 12-month Short Term Savings Certificate offers 11.28% for investors looking for a shorter commitment.
Who Can Invest in National Savings Schemes?
Eligibility varies depending on the product.
General products such as Defence Savings Certificates, Regular Income Certificates, Special Savings Certificates and Short Term Savings Certificates are available to Pakistani nationals and, under the applicable rules, Overseas Pakistanis.
Specialized schemes have additional requirements.
The Behbood Savings Certificate is intended for qualifying senior citizens, widows and persons with disabilities.
The Pensioners’ Benefit Account is intended for eligible pensioners of federal and provincial governments, armed forces, semi-government organisations and autonomous bodies, along with eligible family members in certain circumstances.
The Shuhada Family Welfare Account is intended for eligible family members of martyrs from specified government, armed forces and other qualifying services.
Are National Savings Profit Rates Fixed Forever?
No. National Savings profit rates can be revised periodically.
The latest rate schedule became effective on September 4, 2026, and National Savings specifically states that the ordinary Savings Account remained unchanged at 10.00% while the latest rates for other products were updated.
Investors should therefore always check the effective date of a profit-rate schedule rather than relying on an older news report or social-media graphic.
Rates applicable to an existing certificate can also depend on the rules and rate applicable when that investment was made or reinvested.
National Savings Profit Rates: Frequently Asked Questions
What is the latest Behbood Savings Certificate rate?
The Behbood Savings Certificate currently offers 12.60% per annum, equivalent to approximately Rs1,050 per month for every Rs100,000 invested.
What is the Pensioners’ Benefit Account profit rate?
The Pensioners’ Benefit Account currently offers 12.60% per annum, with profit paid monthly.
What is the Regular Income Certificate rate?
The latest Regular Income Certificate rate is 11.16% per annum, which works out to approximately Rs930 per month for every Rs100,000 invested before applicable tax.
What is the Defence Savings Certificate rate?
The latest Defence Savings Certificate rate is approximately 11.61% per annum under the September 4, 2026 rate schedule.
What is the National Savings Account profit rate?
The ordinary Savings Account continues to offer 10.00% per annum. National Savings says this rate was unchanged in the September 4 revision.
When were National Savings profit rates last changed?
The current National Savings rate schedule took effect on September 4, 2026. Investors should check the official National Savings website for any later revision before making an investment decision.
