National Savings Schemes see Rs5.8bn inflow in Aug

By MG News | October 08, 2024 at 01:58 PM GMT+05:00

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October 08, 2024 (MLN): The net receipts of Savings Mobilized by National Savings Schemes (NSS) stood at Rs5.83 billion in August as compared to receipts of Rs18.39bn 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Saving Certificates (DSC) experienced a net outflow of Rs419.31 million in August 2024, indicating that more funds were withdrawn from DSCs than invested during this month.

Similarly, the Regular Income Certificates (RIC) recorded an outflow of Rs1.2bn, and Rs15.73m was injected into the Special Savings Certificates (SSC).

While Rs1.44bn was injected into Prize Bonds.

Moreover, other savings categories within NSS recorded receipts totaling Rs6bn. However, it declined substantially as compared to Rs15bn 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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