National Savings (Pakistan)

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National Savings
Native name
مرکزی نظامت برائے قومی بچت
TypeGovernment agency
IndustryFinancial Services
Founded1873 as National Savings Bureau
1972 as National Savings Organization
Headquarters23-N, Savings House, G-6 Markaz
Islamabad 44000
Key people
Hamid Raza Khalid, Director General
ProductsSavings and Investments

The Central Directorate of National Savings (Urdu: مرکزی نظامت برائے قومی بچت) is the state-owned savings bank of Pakistan. It operates as an attached department of the Finance Division, Ministry of Finance and is headed by Director General.[1] Historically, the operations of National Savings have been geared towards obtaining funds from individual savers in Pakistan in order to provide non-bank financing to the government's fiscal deficit. Towards this aim, the organization offers savings products with competitive interest rates, along with a 100% guarantee from the government treasury on all deposits. Lately, National Savings has played a significant role in Financial Inclusion. National Savings is aggressively improving its customer services through digitization. It has successfully centralized its data and is now about to offer Alternative Delivery Channels for its customers.


The history of the National Savings Organization in Pakistan dates back to the British Raj when the Government Savings Bank Act, 1873 was promulgated.[2] During the First and Second World War, the British government used the then National Savings Bureau (NSB) to raise funds to meet war-related expenses.[3] After Pakistan acquired independence in 1947, the organization continued to operate as NSB, before being renamed to Central Directorate of National Savings (CDNS) in 1953. In August 1960, the CDNS was given the status of an "Attached Department" of the Ministry of Finance and made responsible for all policy matters and execution of various National Savings Schemes (NSS). The present structure of CDNS was set up in early 1972 under the Ministry of Finance.[4]

In August 2019, the government decided to turn National Savings Organization from a government agency into a corporation that will run under the government. Relevant legislation in this regard, Pakistan Savings Bill 2019, is prepared and being finalized.[5] The prize bond scheme was launched with a Prize Bond of Rs 100. The scheme has been expanded over time. Today we can find around 06 Prize Bonds including Rs 100, 200, 750, 1500, 25000 and Rs 40000.


The organization manages investments worth Rs. 4.04 trillion (US$14 billion) as of FY 2018-19;[6] an amount that is 25% of the country's net savings - making it the largest financial institution in Pakistan.[1] It has 7 million customers, of which 47% are female, leading it to become the financial institution that is closest to gender parity in the country.[7] The organization sets the rate of interests itself, and revises them at its discretion to offer market-competitive products, and in turn, cheap financing for the government.[8]


National Savings organizational structure is based on directorates and branches. The Central Directorate, or headquarters, is located in G-6 Markaz, Islamabad. The organization's regional directorates are located in Lahore, Gujranwala, Faisalabad, Karachi, Quetta, Hyderabad, Multan, Sukkur, Bahawalpur, Islamabad, Abbottabad, and Peshawar.[9] Under these regional directorates, there are 376 branches of National Savings Centers across the country.[1]


Total investment in National Savings amounts to Rs3.4 trillion.[3]


The organization offers several savings and investment products; including prize bonds, saving certificates, and saving accounts. Most products are available to resident and non-resident Pakistanis, however, some products have restricted access and require specified criteria to be met before they are offered.[10] These restricted access products are italicized in the following products list:

  • Prize Bonds
  • Premium Prize Bonds
  • Regular Income Certificates
  • Behbood Savings Certificates
  • Defence Savings Certificates
  • Special Savings Certificates
  • Short Term Savings Certificates
  • Pensioners Benefit Account
  • Shuhadas Family Welfare Account
  • Special Savings Account
  • Savings Account


  1. ^ a b c "About Us". 28 September 2019.
  2. ^ "The Government Savings Banks Act, 1873 (Act No. V of 1873)". Retrieved 2019-09-28.
  3. ^ a b Tirmizi, Farooq (2020-12-13). "Is National Savings the right investment vehicle for you?". Profit by Pakistan Today. Retrieved 2020-12-14.
  4. ^ Financial Stability Review 2009-10. State Bank of Pakistan. 2010. pp. 37–38.
  5. ^ Ansari, Irshad (3 August 2019). "Govt decides to turn CDNS into corporation". The Express Tribune. Retrieved 28 September 2019.
  6. ^ Pakistan Economic Survey 2018-19 (PDF). Ministry of Finance, Pakistan. 2019. pp. 148–49.
  7. ^ "Digitized National Savings Provides Financial Inclusion for More Pakistanis". World Bank. Retrieved 2020-01-12.
  8. ^ "Profit rates on savings schemes raised by up to 2.3 percent". Retrieved 2019-09-28.
  9. ^ "Organogram". 28 September 2019.
  10. ^ "Products Summary". 28 September 2019.