National Savings

NEW INITIATIVES

Launch of Digital Prize Bonds:

Soon CDNS will offer Digital Prize Bonds as well and the prize money will be directly credited to customers’ account. This will reduce expenditure on stationary and printing. It will also create ease for customers’ as there will not be a need to keep the prize bonds in a safe custody as required currently with paper based prize bonds.

DIGITAL SCRIP-LESS ISSUANCE OF NATIONAL SAVINGS CERTIFICATES AND INTEGRATION WITH CDC

CDNS is in collaboration with Central Depository Company Pakistan is in process of offering scripless Certificates. These Certificates will be parked with CDC in electronic form and will not require safe custody as required for paper based certificates currently.

These Digital Certificates will be pledge able as well. The profit of these certificates will be directly credited to customer’s Savings Account.

More Products will soon be materialized as well as customers will be able to purchase scrip-less certificates.

Digital Scrip-less Issuance of National Savings Certificates and Integration with CDC:

CDNS in collaboration with Central Depository Company Pakistan is in process of offering scrip less certificates. These certificates will be parked with CDC in electronic form and will not require the safe custody as required for paper based certificates currently.

These digital certificates will be pledge able as well. The profit of these certificates will be directly credited to customers’ savings account.

As a first step the Special Savings Certificate Registered; vide notice dated January 26, 2023 has been declared as eligible for Central Depository System (CDS) with effect from January 27, 2023. Pilot launch concluded on January 31, 2023 and initially has been offered through selected branches. Soon it will be launch for the general public.

More products will soon be dematerialized as well and customer will be able to purchase scrip less certificates.

Digital Mobile Application:

CDNS has developed Financial Mobile Application in order to bring efficiency, reduce use of paper and facilitate in providing services to the public at their door step. Customers are offered following services through mobile application:
1) Purchase of Digital Certificates
2) Purchase of Digital Prize Bonds (Coming Soon)
3) Interbank Funds Transfer
4) Bills Management (Customers will be able to pay utility bills through mobile application) (Coming Soon)
5) Mobile Top-up
6) At later stage CDNS may offer the service of opening digital savings account without visiting National Savings Center.

Mobile Bank Service will be available soon


SMS-Email Alert Services:

SMS and Email alerts to customers for information regarding their account statement and status of profit are under process and will be available soon.