JS / Roshan Digital Account / Naya Pakistan Certificate

Tutorials

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Invest in NPC (English)

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Invest in NPC (Urdu)

NPC Profit Rates
Sr No. Currency Minimum Denomination Rate of Return
(1) (2) (3) (4)
Three Months Six months Twelve months Three years Five years
1 US Dollars 1,000 US Dollars 8.25% 8.50% 9.00% 8.00% 8.00%
2 Pak Rupees 10,000 Pak Rupees 21.00% 21.25% 21.50% 17.50% 15.00%
3 GBP 10,000 GBP 7.25% 7.50% 8.00% 7.50% 7.50%
4 Euro 1,000 Euro 6.25% 6.50% 6.50% 7.00% 6.50%
*Subject to W.H.T of 10% currently and subject to change as per the directives of SBP.
Minimum Amount of Investment
FCY Denominated Certificates USD, GBP & Euro: Minimum Investment of 1,000 with integral multiples of 500/-
LCY Denominated Certificates PKR: Minimum Investment of 10,000 with integral multiples of 1,000/-

*Amount of investment in each tenor certificate shall be as above.

NPC Key Features
Offered in multiple currencies, PKR, USD, GBP and EUR
Short and long-term investment tenors of 3 Months, 6 Months, 12, Months, 3 Years and 5 Years
Fully and easily repatriable
No Zakat deduction
Premature encashment option
Option to raise Financing against Naya Pakistan Certificates pledged as a security.
High returns of up to 11% on your investments in multiple currency denominated certificates

1. What are Naya Pakistan Certificates (NPC)?

A: Naya Pakistan Certificates (NPCs) are sovereign instruments denominated in USD, PKR, GBP & EURO issued by the Government of Pakistan for overseas Pakistanis.

2. Are the Naya Pakistan Certificates (NPC) issued by JS Bank?

A: No. The Government of Pakistan (GOP) is the issuer, and the State Bank of Pakistan (SBP) is the primary custodian of Naya Pakistan Certificates. JS Bank is only acting as a distributor of these certificates in Pakistan.

3. Who is eligible to invest in Naya Pakistan Certificates (NPC)?

A: Any RDA account holder at JS Bank is eligible for NPC. Specifically:

  • Individual Non-Resident Pakistanis are eligible to can either individually or jointly purchase the Certificates through their Roshan Digital Accounts.
  • Resident Pakistanis who have declared assets abroad with FBR can also invest in USD-denominated NPCs. To do so, they can open a Roshan Digital Account in foreign currency by visiting a bank branch in Pakistan.

4. What types of NPC can I invest in?

A: The Certificates are available in conventional & Islamic certificates at JS Bank.

5. What currencies are NPC available in?

A: The Certificates are issued in PKR, USD, GBP, and EURO.

6. What are the different tenors of NPC?

A: The Certificates are issued for three (03) months, six (06) months, twelve (12) months, three years (3), and five (5) years maturity.

7. What is the profit payout frequency?

The 3-Month, 6-Month, and 12-Month tenor certificates are zero-coupon securities on which principal and profit shall be paid on maturity or on premature encashment. Whereas, 3-Year and 5-year certificates shall be coupon securities, on which periodic profit payment shall be paid on a half-yearly basis.

8. What is the minimum amount required to invest in NPCs?

A: The minimum investment amount for the respective NPCs is as follows:

  • USD, GBP & EUR: 1,000 with integral multiples of 500
  • PKR: 10,000 with integral multiples of PKR 1,000

9. How can I invest in NPC?

A: To invest in NPC, please visit JS Website / Mobile App and submit a purchasing request via our online form OR Email us at [email protected] or contact us at our 24/7 dedicated helpline: 021 111 654 321 | +92 (21) 3279 9009

10. What will be the rate of return?

A: The rates of return are as follows:

NPC Profit Rates
Sr No. Currency Minimum Denomination Rate of Return
(1) (2) (3) (4)
Three Months Six months Twelve months Three years Five years
1 US Dollars 1,000 US Dollars 8.25% 8.50% 9.00% 8.00% 8.00%
2 Pak Rupees 10,000 Pak Rupees 21.00% 21.25% 21.50% 17.50% 15.00%
3 GBP 10,000 GBP 7.25% 7.50% 8.00% 7.50% 7.50%
4 Euro 1,000 Euro 6.25% 6.50% 6.50% 7.00% 6.50%
*Subject to W.H.T of 10% currently and subject to change as per the directives of SBP.

11. How is the profit paid?

A: Profit as well as principal repayment shall be made directly to the customers’ own account.

12. What will happen in case of death of certificate holder?

In case of customer death, the payment of principal and profit, if any, shall be paid to the legal heirs of the deceased customer in accordance with a valid succession certificate or equivalent documentation issued by a court of competent jurisdiction under applicable laws.

13. Is NPC transferrable?

A: The Certificates are not transferrable except if required under the relevant laws.

14. Is rollover facility provided?

A: The Certificates cannot be auto reinvested or rolled over after maturity date.

15. Can the NPC be pledged for financing?

A: The Certificates shall be pledgeable as security for raising financing in Pakistan subject to such conditions as may be prescribed by SBP.

16. Can the investment in NPC be encashed before maturity?

A: Early encashment is allowed, and profit of broken period will be calculated at the profit rate of the nearest shorter tenor (e.g. 12 months’ certificate encashed in 10th month, profit will be calculated @ profit rate of 6 months’ certificate). There is no profit on encashment before the initial three months.

17. Is there Tax applicable on the NPC?

A: The profit of the Certificate is subject to deduction of 10% (ten) Withholding Tax on profit at source as a full and final discharge of tax liability. There is no requirement for submission of income tax return filings in Pakistan for NRPs in respect of profit earned on these certificates.

18. Is Zakat applicable on the NPC?

A: The Certificates are exempt from compulsory deduction of zakat under section 3, Chapter II (Charge and collection of Zakat) of Zakat and Ushr Ordinance, 1980.

19. What is the form of NPC? Will there be a physical certificate issued?

A: The Certificates issued are in scripless form or any other form or format as approved by the Finance Division of Pakistan from time to time in consultation with SBP. i.e. no physical certificate is issued against the same.

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For any further queries, be sure to check out our FAQs at https://jsbl.com/rda-terms-and-conditions/ or email us at [email protected] or contact us at our 24/7 dedicated helpline; Call us at: 021 111 654 321 | +92 (21) 3279 9009

For further information on Roshan Digital Accounts from State Bank of Pakistan, Please visit https://www.sbp.org.pk/RDA/index.html or email at [email protected].

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