CDNS receives 29 billion rupees in new investments – enterprise & finance


ISLAMABAD: The Central Directorate of Nationwide Financial savings (CDNS) obtained 29 billion rupees in new investments by February 28, by registered premium bonds of Rs 40,000 and Rs 25,000 launched by the establishment.

CDNS launched the brand new premium premium bonds recorded after the termination of the 2 essential worth obligations of Rs 40,000 and Rs 25,000. This initiative paperwork the nation’s economic system, a senior CDNS official instructed APP on Thursday. .

New registered premium bonds of Rs 40,000 and Rs 25,000 have been registered by the State Financial institution of Pakistan (SBP) and cashed solely by the monetary establishment registered underneath the SBP, he stated.

Responding to the query, he stated CDNS has opened up new avenues for private and non-private funding to doc the nation’s economic system and guarantee transparency within the monetary system.

Responding to a different query, he knowledgeable: “We paid the gathering of Rs 116 billion by March 1 to buyers in opposition to the suspension of the value vouchers of Rs 25,000”.

He stated the federal authorities not too long ago suspended worth obligations of Rs 25,000 and gave buyers six months to money of their complete financial savings of Rs 160 billion.

The senior CDNS official stated that Nationwide Financial savings had paid out 116 billion rupees to its prospects up to now three months and that the remaining 45 billion out of a complete of 160 billion rupees would even be paid by Might 30, 2021. , did he declare.

He knowledgeable that the federal government had already canceled the value vouchers of Rs 40,000 and that the CDNS reimbursed buyers the receipt of a worth of Rs 258 billion in the course of the earlier fiscal yr 2019-20, he stated. he declares.

In response to a different query, he stated that CDNS reached a brand new deposit of 540 billion rupees within the final seven months of the present fiscal yr (FY) 2020-2021.

CDNS had indemnified Rs 258 billion to its buyers after the foremost worth obligations of Rs 40,000 have been terminated, he stated.

The CDNS has set an annual assortment goal of 249 billion rupees from July 1 to February 28 for the yr 2020-2021, in opposition to 352 billion rupees for the earlier yr 2019-20, in an effort to enhance financial savings and to advertise the tradition of financial savings within the nation.

The CDNS had set an annual assortment goal of 352 billion rupees for the yr 2019-20, in comparison with 350 billion rupees for the earlier yr 2018-19, he stated.

Responding to a query on the present revision of the revenue charges of CDNS certificates, he stated that CDNS had stored the identical rate of interest on the funding of financial savings certificates because of the market scenario and in accordance with the choice Pakistan Funding Bond (GDP) coverage.

He knowledgeable that CDNS rates of interest have been tied to the GDP coverage, set by the SBP.

The senior official stated the speed of revenue on protection financial savings, common earnings financial savings, particular financial savings and short-term certificates remained the identical.

He stated the speed of revenue on particular financial savings certificates remained the identical at 7.77 %.

He knowledgeable that on Protection Financial savings Certificates, the speed can also be the identical at 8.49 %.

The speed of revenue on unusual earnings financial savings certificates remained the identical at 8.04 %, and on Shuhada pension and welfare certificates the speed of revenue was stored. The speed of revenue on short-term certificates was additionally the identical.

Three-month certificates now have a revenue charge of 6.66%, six-month certificates charges are the identical at 6.80%, and nine-month certificates have stored the identical charge at 6.8 versus 6.2 .

Responding to a query, he stated CDNS doesn’t settle for institutional investments, however solely particular person investments are inspired to deposit to save lots of in nationwide financial savings.

Copyright recorder, 2021



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