The Central Directorate of National Savings (CDNS) has decreased the rates of return for its National Savings Certificates, marking amendments across different instruments from November 04, 2024.
Return rates for Special Savings Certificates (SSC) have been adjusted down by 12.26 %, and Defense Savings certificates by 12.12 %, according to the senior official of CDNS.
Special Savings Certificates (SSC) 12.26%
Defense Savings certificates (DSC) 12.12%
Bahbood Savings Certificates (BSC) 13.92%
Special Savings Account 11.77%
Shuhadas Family Welfare Account (SFWA) 13.92%
He said that the new decreases were also applied to Bahbood Savings Certificates (BSC) 13.92, Special Savings Account 11.77, and Shuhadas Family Welfare Account (SFWA) 13.92 %.
The Central Directorate of National Savings (CDNS) has accomplished a target of Rs.210 billion in fresh bonds and achieved 11 percent of the annual target in the first quarter of the current fiscal year, from July 1 to October 06, he said.
The senior official said the CDNS has set an annual target of Rs.1650 billion for the current Fiscal Year, 2024-25, which will promote the saving culture in the country. Similarly, he said that the CDNS has set a target of Rs.170 billion in investment in Islamic finance for the Current Fiscal Year, which will lead to the growth of the Islamic economy in the country.
The official said that work was being done on institutional reforms in CDNS and new reforms and innovations were being introduced. At this time Automated Teller Machine (ATM) has also been introduced in CDNS which will provide enough facilities to the users,” he added.
