Qaumi Bachat Bank has recently announced an update regarding the profit rates for its Regular Income Certificates (RICs), effective from March 19, 2024. The bank has raised the profit rate to an attractive 14.76% per annum, reflecting its commitment to providing competitive returns to investors.
The Regular Income Certificates, introduced by the government in February 1993, cater to the monthly financial needs of the general public. Available in various denominations ranging from Rs. 50,000 to Rs. 10,000,000, these certificates offer a steady income stream with monthly profit payments.
Investors in Qaumi Bachat Bank’s Regular Income Certificates can now enjoy a monthly profit of Rs1,230 per month per Rs. 100,000 invested, making it an appealing choice for those seeking stable returns on their investments.
One notable benefit for investors is that investments in Regular Income Certificates are exempt from Zakat deduction, providing further incentive for individuals looking to grow their savings while adhering to Islamic financial principles.
With this latest revision in profit rates, Qaumi Bachat Bank continues to prioritize customer satisfaction and financial inclusivity, offering attractive investment opportunities that align with the evolving needs of investors.
, effective from March 19, 2024. The bank has raised the profit rate to an attractive 14.76% per annum, reflecting its commitment to providing competitive returns to investors.){kind=link}