ISLAMABAD: The Central Directorate of National Savings (CDNS) achieved Rs94 billion in last months of second quarter of current fiscal year from July 1 to December 15, 2016-17.
The target for the year 2016-17 was set at Rs228 billion as the directorate was able to achieve the target of Rs218 billion for the previous fiscal year, a senior CDNS official said.
The Central Directorate of National Savings (CDNS) has notified upward revision in the profit rates for various saving certificates which has been applicable from October 3, 2016. “The instant revision was made in the backdrop of current market scenario and in accordance with the government’s policy to provide market based competitive rate of return to the investors of National Savings,” he said.
He said as per notification issued by the federal government, the new rates for Defense Savings Certificate, Special Saving Certificate, Regular Income Certificate, Savings Accounts, have been revised upward at an average of 7.44 percent, 5.8 percent, 6.36 percent and 3.90 percent respectively.
