National Savings Schemes see Rs13.8bn inflow in Sep

MG News | November 11, 2024 at 07:10 PM GMT+05:00

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November 11, 2024 (MLN): The net receipts of Savings Mobilized by National Savings Schemes (NSS) stood at Rs13.78 billion in September as compared to receipts of Rs5.83bn 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Saving Certificates (DSC) experienced a net outflow of Rs399 million in September 2024, indicating that more funds were withdrawn from DSCs than invested during this month.

Similarly, the Regular Income Certificates (RIC) recorded an outflow of Rs124m.

On the other hand, Rs1.74bn was injected into the Special Savings Certificates (SSC).

An inflow of Rs2.04bn was seen into Prize Bonds.

Moreover, other savings categories within NSS recorded receipts totaling Rs10.53bn, rising substantially as compared to Rs6bn in the previous month.

To note, in the fiscal year 2024, the net outflows from Savings Mobilized by NSS stood at Rs108.13bn, reflecting a consistent trend of net payments from these savings schemes during the year.

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