HOW TO INVEST IN NATIONAL SAVINGS SCHEMES FOR NON RESIDENT OF PAKISTANI?

ENCASHMENT OF CERTIFICATES / PAYMENT OF PROFIT.

1.   The investor shall send the certificates / coupons duly  signed with an endorsement “for payment in foreign currency”

2.   The investor shall attach a letter containing particulars of certificates / coupons, foreign currency account No. and the name of the Bank where the draft is desired to be drawn.

3.   The cheque will be dispatched through Registered Post on given address of the investor.

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HOW TO ENCASH THE SAVINGS CERTIFICATES ON THE BASIS OF POWER OF ATTORNEY.

1.   Power of attorney shall contain full particulars of the investment i.e. the amount Regd. No., date of issue, name of original holder, account number, concerned National Savings Centre, specimen signatures of the investor and the signatures of authorized person.

2.   Special Power of attorney must be verified by the 1st or 2nd Secretary of the Embassy / Consulate General.

3.   The investor(s) must send photo copies of his computerized National Identity Card(s) / Pakistan Origin Card(s) / National Identity Card for Overseas Pakistanis (NICOP), Passport and Health Insurance certificate, indicating his presence abroad duly attested by the 1st or 2nd Secretary of Pakistan Embassy / Consulate General.

4.   Attach the signed and filled certificates on reverse side according to the prescribed rates.

5.   Send the above documents to the National Savings Centre concerned or Regional Directorate of National Savings. (Addresses are given click here).

6.   The attorney shall execute an indemnity bond alongwith surety of an Officer of BPS-17 attested by the Notary Public and countersigned by Class-1 Magistrate to the fact that he will deliver the cheque to the original holder and attorney and surety will be responsible in case of any misrepresentation or concealment of facts if raised by the original investor.

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HOW TO GET PROFIT ON THE BASIS OF POWER OF ATTORNEY.

1.   Profit can be received on the basis of Special Power of Attorney by authorizing any person in Pakistan giving his / her full particulars.

2.   The Power of Attorney so issued shall contain full particulars of the investment.

3.   The Special Power of Attorney shall be verified by the 1st or 2nd Secretary of Pakistan Embassy / Consulate General.