National Savings Portfolio Reaches Rs. 3.1 Trillion in August

The total portfolio of the Central Directorate of National Savings (CDNS) stood at Rs. 3.1 trillion as of August 31, 2024, which is 10 percent of the banking deposits and 7 percent of domestic debt. Finance Division Thursday informed the National Assembly Standing Committee on Finance that the total number of customers of the CDNS stood at 3 million with a network of 370 centers across the country. The functions of the CDNS are as an attached department of the Finance Division with the vision to promote and inculcate the value of thrift for the mobilization of savings. It also supports the government financing requirements while ensuring financial inclusion and social security to special segments of society. The stocks of Defence Savings Certificates stood at Rs. 404 billion; Bahbood Savings Certificates Rs. 1,046 billion; Regular Income Certificates Rs. 261 billion; Special Saving Certificates Rs. 287 billion; Short-term Saving Certificates Rs. 62 billion; Digital Savings Rs. 2 billion; Pensioners Benefit Account Rs. 438 billion; Shuhada Family Welfare Account Rs. 0.2 billion; Saving Account Rs. 93 billion; Special Saving Account Rs. 60 billion; National Prize Bonds (Bearer) Rs. 331 billion; Premium Prize Bonds (Registered) Rs. 56 billion; Sarwa Islamic Savings Account Rs. 69 billion and stocks of Sarwa Islamic Term Account amounted to Rs. 5.5 billion. The committee was further informed that the Shariah-compliant savings investment stood at Rs. 70 billion and investment during the first quarter till September 15 stood at Rs. 300 billion with net positive inflow of Rs. 30 billion.