ISLAMABAD: The Central Directorate of National Savings (CDNS) collected Rs 214 billion against the revised target of Rs 218 billion by June 10, during the current fiscal year (2015-16).
A senior official of CDNS told APP on Wednesday that the CDNS collected Rs 166 billion against the proportionate target of Rs 182 billion during the first three quarter of the current fiscal year.
The Central Directorate of National Savings (CDNS) notified downward revision in the profit rates for various saving certificates which was applicable from June 1, 2016. He said as per notification issued by the federal government, the new rates for Defence Savings Certificate, Special Saving Certificate, Regular Income Certificate, Savings Accounts have been fixed at an average of 7.70 percent, 6.14 percent, 6.56 percent and 04 percent respectively.
The official said the profit rate of return for specialized Savings Schemes like Bahbood Savings Certificates and Pensioners’ Benefit Account has also been revised and fixed at 9.60 percent in order to provide safety net to specialized segments of the society.
