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The Government of Pakistan introduced Defence Savings Certificate scheme in the year 1966. The scheme
has specifically been designed to meet the future requirements of the depositors. This is 10 years' maturity
scheme with built in feature of automatic reinvestment after the maturity. These certificates are available in
the denominations of Rs.500, Rs.1000, Rs.5,000, Rs.10,000, Rs.50,000, Rs.100,000, Rs.500,000 and
Rs.1,000,000/=.
How To Purchase.
These certificates can be purchased from any National Savings Centre (NSC), Pakistan Post Offices (PPO),
Authorized branches of Scheduled Banks and State Bank of Pakistan (SBP) by filling in a prescribed form
called SC-1, which is available at all the above offices of issue free of cost. A copy of the Computerized
National Identity Card (CNIC) or in case of a foreign national, a copy of the Passport is required to be
attached with the application form. To download application form in editable Adobe Acrobat format,
please click here.
Mode of Deposit.
These certificates can be purchased by depositing cash at the issuing office or by presenting a cheque.
The certificates shall immediately be issued on receipt of cash. However, in case of deposit through
cheque the certificates shall be issued from the date of realization of the cheque after receipt of the
clearance advice.
NOTE:
The encashment of certificate(s) may be allowed through a person duly authorized (in writing) by the
investor on an authority letter under his / her signature provided that:-(a). the signatures of the authorized person are attested by the investor on the letter of authority;
(b). the Officer Incharge of the NSC is personally satisfied that the authorized person is genuine and the
certificate(s) is / are properly discharged under genuine signatures and both the signatures i.e. on the
back of the certificate(s) and the letter of authority tally 100% with the specimen on the investor
available on the record.
(C). The receipt of the amount is got acknowledged from the authorized person on the reverse of
certificate(s) personally by the Centre Incharge.