Keeping in view the hardships faced by the widows and senior citizens, Behbood Savings Certificates (BSCs) with a 10-years maturity period were launched by the Government of Pakistan on July 30, 2003. Initially, BSC was meant for widows only; however, it was decided later by the Government to extend the facility to senior citizen aged 60 years and above with effect from January 1, 2004. It has now further been extended to Disables holding NIC with Disability logo or Special Minors through Guardians with effect from April 23, 2018.
BSC is available in the denominations of:
Rs.5, 000/-, Rs. 10,000/-, Rs. 50,000/-, Rs. 100,000/-, Rs. 500,000/- Rs. 1,000,000/-.
Profit is paid on monthly basis started from the date of purchase of the certificates.
Who Can Invest?
BSCs can be purchased by any of the following Citizens of Pakistan, namely: –
(a)A senior citizen aged sixty years or above
(b)A single widow as long as she does not re-marry
(c)Two eligible persons as in clause (a) and (b) in their joint names
(d) Disables holding NIC with Disability logo, and special minor through a Guardian.
Payments can be made the holders jointly or to either with the written consent of the other (Joint class-A) and to either (Joint class-B).
How to Purchase?
BSC can be purchased only from the National Savings Centers (NSC) by filling in SC-1 (Application Form), available free of cost from the issuing offices.
Documents Required with the Application Form
Senior citizens:
Overseas Pakistanis:
Widows:
BSCs can be encashed any time after issuance subject to the deduction of service charges at the following rates:
Furthermore, the Certificates issued/purchased/ reinvested on or after 15-11-2010 shall not be reinvested on maturity.