{"id":109869,"date":"2022-05-23T08:00:00","date_gmt":"2022-05-23T08:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=109869"},"modified":"2022-05-23T08:11:31","modified_gmt":"2022-05-23T08:11:31","slug":"national-savings-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/national-savings-pakistan.html","title":{"rendered":"National Savings Pakistan: A Complete Overview"},"content":{"rendered":"\n

IN THIS POST
<\/strong>– About National Savings Pakistan
<\/a>– Products of National Savings Pakistan<\/a>
– National Savings Profit Rate<\/a>
– CDNS Contact Details<\/a>
– National Savings Timings\u00a0<\/a><\/p>\n\n\n\n

UPDATE (May 23, 2022):<\/strong><\/p>\n\n\n\n

The customers of National Savings Pakistan can now directly receive their monthly payments into their bank accounts. <\/p>\n\n\n\n

According to the announcement made by the State Bank of Pakistan, the Central Directorate of National Savings (CDNS) has been successfully integrated with Raast<\/a> \u2013 the first instant digital payment system in Pakistan. In other words, those who have invested their money in the Savings Centre won\u2019t be required to visit their local branches to collect their profits.<\/p>\n\n\n\n

\u201cThrough this integration with Raast, customers can now receive their payments in bank accounts in a free, fast, and secure way,\u201d the State Bank of Pakistan said in a statement. \u201cThis will make life easier for those interested in saving schemes.\u201d<\/p>\n\n\n\n

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The Central Directorate of National Savings (CDNS) is a state-owned financial institution that provides the citizens of Pakistan with a safe and risk-free investment opportunity at rather competitive interest rates. Be it prize bonds or savings certificates, you can not only deposit your hard-earned money at a nearby National Savings Centre but also earn a profit on your savings on a regular basis.<\/p>\n\n\n\n

Since we have already discussed FAQs about Roshan Digital Accounts for overseas Pakistanis<\/a> and Naya Pakistan Certificates<\/a>, it was about time we talked about investing in different savings products offered by the government for the residents of Pakistan.<\/p>\n\n\n\n

Here is everything you need to know about National Savings Pakistan, including its history, products, profit rates, contact details and more.<\/p>\n\n\n\n

About National Savings Pakistan<\/strong><\/h2>\n\n\n\n
\"National
National Savings is the largest investment and financial organisation in Pakistan (Credit: National Savings Pakistan)<\/figcaption><\/figure>\n\n\n\n

Owned by the federal government, National Savings is the largest savings bank of Pakistan that is managed by the Central Directorate of National Savings and operates autonomously under the Ministry of Finance. This investment institution obtains funds from individuals across the country and serves as the main source for the government to finance fiscal deficits and infrastructure development.<\/p>\n\n\n\n

The history of National Savings goes back to the era of British rule in the subcontinent some 140 years ago in the form of the Government Savings Bank Act in 1873, which allowed the British Government to accumulate funds and meet war expenditures during World Wars I and II. Owing to the effectiveness of this initiative, the Government of India set up the National Savings Bureau (NSB) between 1943 and 1944. Following the independence of Pakistan in 1947, the financial institution remained operational. In 1953, the National Savings Bureau was renamed as the Central Directorate of National Savings.<\/p>\n\n\n\n

A few years later in 1960, the government restructured the CDNS as an Attached Department of the Ministry of Finance and made it autonomous to formulate and execute different National Savings Schemes.<\/p>\n\n\n\n

Today, the National Savings Pakistan is the most prominent investment and financial institution in Pakistan with a network of 376 branches operating across the country. It also has an impressive portfolio of more than PKR 3.4 trillion and serves more than seven million investors.<\/p>\n\n\n\n

Products of National Savings Pakistan <\/strong><\/h2>\n\n\n\n
\"National
National Savings offers a wide range of investment options to small and medium savers across the country <\/figcaption><\/figure>\n\n\n\n

National Savings Pakistan offers various products for all segments of the population depending on their income and savings. <\/p>\n\n\n\n

Without further ado, let\u2019s take a look at the products of National Savings Pakistan.<\/p>\n\n\n\n

National Savings Certificates<\/strong><\/h3>\n\n\n\n

National Savings Certificates are a fixed income investment product offering unique investment opportunities to small and medium savers. These certificates allow holders to earn a predetermined profit during a certain period of time. These products have different maturity periods and interested rates depending on their type.<\/p>\n\n\n\n

Here are the types of Savings Certifications offered by National Savings Pakistan.<\/p>\n\n\n\n

Defence Savings Certificates<\/strong><\/h4>\n\n\n\n

Defense Savings Certificates or DSCs have a maturity period of 10 years and are available in the denominations of PKR 500, PKR 1000, PKR 5000, PKR 10,000, PKR 50,000, PKR 1 lakh, PKR 5 lakh, and PKR 10 lakh. The minimum investment amount for these certificates is PKR 500, while there is no cap on the maximum amount.<\/p>\n\n\n\n

All Pakistani and foreign nationals are eligible to purchase Defense Savings Certificates.<\/p>\n\n\n\n

Behbood Savings Certificates<\/strong><\/h4>\n\n\n\n

Behbood Savings Certificates or BSCs have a 10-years maturity period and are available in the denominations of PKR 5000, PKR 10,000, PKR 50,000, PKR 1 lakh, PKR 5 lakh, and PKR 10 lakh.<\/p>\n\n\n\n

BSC holders earn a profit on a monthly basis.<\/p>\n\n\n\n

The Behbood Savings Certificates can be purchased by Pakistani nationals who are sixty years old or above, widows as long as they don\u2019t remarry, and differently-abled individuals. <\/p>\n\n\n\n

Regular Income Certificates<\/strong><\/h4>\n\n\n\n

Regular Income Certificates or RICs have a maturity period of five years and are available in the denominations of PKR 50,000, PKR 1 lakh, PKR 5 lakh, PKR 10 lakh, PKR 50 lakh and PKR 1 crore. The RIC holders earn a profit on a monthly basis.<\/p>\n\n\n\n

As far as eligibility is concerned, all Pakistani and foreign nationals can purchase these certificates.<\/p>\n\n\n\n

Special Savings Certificates<\/strong><\/h4>\n\n\n\n

Special Savings Certificates or SSCs have a maturity period of three years and are available in the denomination of PKR 500, PKR 1000, PKR 5000, PKR 10,000, PKR 50,000, PKR 1 lakh, PKR 5 lakh, and PKR 10 lakh. Those holding SSCs receive their profit bi-annually. <\/p>\n\n\n\n

Moreover, SSCs can be purchased by all Pakistani and Foreign nationals.<\/p>\n\n\n\n

Short Term Savings Certificates<\/strong><\/h4>\n\n\n\n

Specially designed to meet the short-term financial requirement of the investors, the Short Term Savings Certificates or STSCs have a maturity period of 3-month, 6-month and 1-year. They are available in the denominations of PKR 10,000, PKR 50,000, PKR 1 lakh, PKR 5 lakh, PKR 10 lakh, PKR 50 lakh and PKR 1 crore.<\/p>\n\n\n\n

Accounts<\/strong><\/h3>\n\n\n\n

Those interested in investing in National Savings Pakistan can also open the following accounts at their nearest branch.<\/p>\n\n\n\n