Islamabad: The Central Directorate of National Savings (CDNS) has received a free deposit of Rs670 billion in the last three quarters from July 1, to April 25, in the current fiscal year 2020-21.
The CDNS has set Rs 249 billion annual collection target collection from July 1 to June 30 for the year 2020-21 as compared to Rs 352 billion for the previous year’s 2019-20 to enhance savings and promote saving culture in the country, a senior official of CDNS told APP here on Tuesday.
The CDNS had set Rs 352 billion annual collection target for the year 2019-20 as compared to Rs 350 billion for the previous year’s 2018-19, he said.
The senior official of CDNS said National Savings has paid Rs 128 billion to their customers in the last four months and remaining 32 billion out of total Rs 160 billion would also be paid by May 30, 2021, he said.
He informed that the government has already canceled prize bonds of Rs 40,000 and CDNS repaid to the investors the encashment worth of Rs 258 billion in previous fiscal year 2019-20, he said.
He said the CDNS has opened new avenues for public and private investment to document the country’s economy and ensure transparency in the financial system.
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