National Savings Schemes see Rs29bn inflow in Sep

November 14, 2025 (MLN): The net receipts of Savings Mobilized by National Savings Schemes (NSS) stood at Rs29.24 billion in September as compared to receipts of Rs29.34bn in the previous month, the latest data issued by the State Bank of Pakistan (SBP) showed today.

Breaking down the figures, the Defence Saving Certificates (DSC) experienced a net outflow of Rs249m in September 2025, indicating that more funds were withdrawn from DSCs than invested during this month.

Meanwhile, the Regular Income Certificates (RIC) recorded an inflow of Rs5.45bn, and Rs1.78bn was injected into the Special Savings Certificates (SSC).

Similarly, Rs3.13bn was injected into Prize Bonds.

Moreover, other savings categories within NSS recorded receipts totaling Rs19.13bn. However, it declined substantially as compared to Rs19.25bn in the previous month.

To note, in the fiscal year 2023, the net outflows from Savings Mobilized by NSS stood at Rs381.87bn, reflecting a consistent trend of net payments from these savings schemes during the year.

Overall Trends: Total savings mobilization showed significant volatility over the period. After peaking at Rs372.44bn in 2019-20, total savings turned negative for four consecutive years (2020-21 to 2023-24), reaching a low of Rs-381.86bn in 2022-23. Recovery began in 2024-25, with positive mobilization of Rs257.12bn.

Defence Savings Certificates (DSC): DSC maintained strong performance through 2019-20, reaching Rs92.78bn. The scheme experienced sharp negative mobilization during 2020-23, with the lowest point at Rs-38.53bn in 2022-23. In 2024-25, DSC shows Rs-3.83bn, indicating reduced but continued withdrawals.

Regular Income Certificates (RIC): RIC demonstrated strong mobilization in 2018-19 (Rs142.08bn) and 2019-20 (Rs83.23bn). However, it faced significant withdrawals in 2022-23 (Rs-127.54bn) and 2023-24 (Rs-197.35bn). The scheme recovered in 2024-25 with Rs52.22bn in positive mobilization.

Special Savings Certificates (SSC): SSC showed positive mobilization in early years but turned negative from 2016-17 onwards. In 2024-25, SSC recorded positive mobilization of Rs24.86bn, indicating renewed investor confidence.

Prize Bonds: Prize Bonds exhibited extreme volatility, contributing Rs123.9bn in 2015-16 and Rs103.8bn in 2017-18. Policy changes led to massive withdrawals of Rs-290.38bn in 2020-21. The scheme recovered to Rs22.36bn in 2024-25.

Others Category: The "Others" category remained positive through 2019-20, peaking at Rs165.86bn in 2014-15. After turning negative in subsequent years, it recovered strongly in 2024-25 with Rs161.52bn, becoming the largest contributor to total savings.

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