National Savings Pakistan

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  • Islamabad, 44000, Pakistan UAN
  • info@savings.gov.pk
  • (051) 111 267 268
ATTENTION !

OVERVIEW

National Savings Organization is Pakistan’s largest financial institution, with a portfolio of over Rs. 3.4 trillion and over 04 million valued customers served through a large network of 376 branches nationwide administered by 12 Regional Directorates. As one of the primeval financial institutions in the public sector, CDNS has not only been successful in promoting a savings culture in the country, but it has also generated funds for the government to finance the budgetary deficit and infrastructure projects.

Historically, National Savings is one of the country’s founding institutions, with a legacy spanning over 140 years that came into existence with the promulgation of Government Savings Bank Act in 1873. The British Government used this channel to raise funds to meet war related expenditures during World Wars I and II. In order to institutionalize the savings culture, the National Savings Bureau (NSB) was established in 1943–1944. Following Pakistan’s independence in 1947, this organization continued to operate in various forms.

In September 1960, it was decided to rejuvenate the structure of CDNS by conferring the status of an Attached Department of the Ministry of Finance with the powers to formulate policies and execute various National Savings Schemes (NSS) . Continuous advancements made it essential for the Government to reposition CDNS as a Technical Department and conferring all powers of a Head of the Department to the Director General (DG) working in BPS-21.
 
The year 1972 came as a turning point in the long journey of National Savings whereby the organization was made responsible for all policy matters and execution of various NSS. Since, the operations of National Savings before December 1971 were limited to publicity and promotion of the investment schemes it offered
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So far, CDNS has not only remained successful in promoting financial savings in the economy but has also generated requisite funds for the Government to finance the budgetary deficit and infrastructure projects. As a custodian of the nation’s savings, the National Savings Organization is the largest investment and financial institution in Pakistan with a portfolio of over Rs. 3.4 trillion and more than 04 million valued investors are being served through a large network of 376 branches 376 branches nationwide controlled by 12 Regional Directorates of National Savings.