February 21, 2026
Jazz Cash Saving Plan
Finance

Jazz Cash Saving Plan

services

JazzCash, a leading mobile wallet service in Pakistan, offers a range of digital financial products, including the JazzCash Saving Plan. This plan provides users with an opportunity to earn profits on their savings through two primary options the Bachat Savings Plans and Salaam Investments. Both options cater to different financial needs and preferences, offering flexibility, competitive profit rates, and ease of use. In this topic, we will delve into the details of these saving plans, their features, and how you can get started.

Understanding JazzCash Saving Plans

The JazzCash Saving Plan encompasses two distinct saving options

  • Bachat Savings PlansThese are conventional savings plans offering tiered profit rates based on the minimum balance maintained.
  • Salaam InvestmentsAn Islamic, Shariah-compliant saving plan that allows users to set financial goals and earn daily profits.

Both plans are designed to be user-friendly and accessible through the JazzCash mobile app or by dialing *786#.

Bachat Savings Plans

The Bachat Savings Plans are structured to provide users with varying profit rates depending on the amount saved. The plans include

  • Basic SavingsRequires a minimum balance of PKR 5,000 with an annual profit rate of 2%.
  • Super SavingsRequires a minimum balance of PKR 10,000 with an annual profit rate of 5%.
  • Prime SavingsRequires a minimum balance of PKR 20,000 with an annual profit rate of 6.5%.
  • Ultra SavingsRequires a minimum balance of PKR 50,000 with an annual profit rate of 7.5%.
  • Advanced SavingsRequires a minimum balance of PKR 100,000 with an annual profit rate of 9%.
  • Elite SavingsRequires a minimum balance of PKR 250,000 with an annual profit rate of 11%.

These plans are ideal for individuals seeking a straightforward saving method with guaranteed returns based on the balance maintained.

Salaam Investments

Salaam Investments is a Shariah-compliant saving plan that aligns with Islamic financial principles. It offers

  • Flexible Saving GoalsUsers can set specific financial goals, such as saving for Hajj, a car, or a gadget.
  • Daily Profit AccrualProfits are credited daily and can be tracked through the JazzCash app.
  • Accidental Insurance CoverageFree coverage is provided upon reaching 20% of the saving goal.
  • No Lock-In PeriodFunds can be withdrawn at any time without penalties.

The profit rates for Salaam Investments vary based on the investment tier

  • BasicRequires a minimum balance of PKR 500 with an annual profit rate of 2%.
  • SuperRequires a minimum balance of PKR 1,000 with an annual profit rate of 4%.
  • PrimeRequires a minimum balance of PKR 2,000 with an annual profit rate of 5%.
  • UltraRequires a minimum balance of PKR 7,500 with an annual profit rate of 6%.
  • AdvancedRequires a minimum balance of PKR 15,000 with an annual profit rate of 7%.
  • EliteRequires a minimum balance of PKR 50,000 with an annual profit rate of 8.5%.

Salaam Investments is suitable for individuals seeking a Shariah-compliant saving option with the added benefit of insurance coverage.

How to Subscribe to a JazzCash Saving Plan

Subscribing to a JazzCash Saving Plan is a simple process that can be done through the JazzCash mobile app or by dialing *786#.

Via USSD Dial

  1. Dial*786#from your mobile phone.
  2. Select7for ‘Savings & Insurance’.
  3. Choose1for ‘Subscribe Savings’.
  4. Select your desired plan (e.g., Basic, Super, Prime, etc.).
  5. Enter your MPIN to confirm the subscription.
  6. You will receive a confirmation SMS upon successful subscription.

Via Mobile App

  1. Open the JazzCash app on your mobile device.
  2. Navigate to the ‘Save’ or ‘Islamic Savings / Salaam Investments’ section.
  3. Choose the saving plan you wish to subscribe to.
  4. Enter the goal amount or deposit amount as per your selected plan.
  5. Confirm your subscription and start tracking your savings through the app’s dashboard.

Both methods are secure and user-friendly, ensuring a seamless saving experience.

Profit Withdrawal and Taxation

Profits earned through JazzCash Saving Plans are credited daily and can be withdrawn at any time. However, it’s important to note the following

  • Tax DeductionA withholding tax (WHT) is applicable on the profit earned. The rate is 15% for filers and 35% for non-filers as per the Federal Board of Revenue (FBR) regulations.
  • Zakat DeductionZakat is applicable on the balance if the criteria are met. Users can declare their Zakat status via USSD to ensure compliance.
  • Profit SuspensionIf a saving goal is suspended or closed, it will not earn any profit.

It’s advisable to consult with a tax professional to understand the implications of these deductions on your savings.

Benefits of JazzCash Saving Plans

  • AccessibilityManage your savings conveniently through the JazzCash mobile app or USSD service.
  • Shariah ComplianceSalaam Investments offers a Halal saving option for those seeking Shariah-compliant financial products.
  • Insurance CoverageSalaam Investments provides free accidental insurance upon reaching 20% of your saving goal.
  • Competitive Profit RatesEnjoy attractive profit rates ranging from 2% to 11% per annum, depending on the plan and balance maintained.
  • No Subscription FeesThere are no charges for subscribing to any of the saving plans.

Considerations Before Subscribing

While JazzCash Saving Plans offer numerous benefits, it’s important to consider the following

  • Risk of Mobile WalletFunds are stored in a mobile wallet, which may not be as secure as traditional bank accounts.
  • Profit VariabilityProfit rates are subject to change and may fluctuate based on market conditions.
  • Tax ImplicationsBe aware of the withholding tax and Zakat deductions applicable on your earnings.

It’s recommended to assess your financial goals and risk tolerance before subscribing to any saving plan.

The JazzCash Saving Plan provides a modern and convenient way to save money, offering both conventional and Shariah-compliant options. With competitive profit rates, flexible saving goals, and easy accessibility, it’s an attractive choice for individuals looking to grow their savings digitally. However, it’s essential to consider the associated risks and tax implications to make an informed decision. Whether you’re saving for a short-term goal or planning for the future, JazzCash Saving Plans offer a viable solution to meet your financial needs.