NSS: Savings mobilisation expands 36% YoY during 1HFY20

January 31, 2020 (MLN): Savings mobilisation by the National Savings Schemes (NSS) during July- Dec 2019 clocked in at Rs 111.8 billion, 54% higher than the amount of savings mobilised in July- December 2018.

According to the latest data released by State Bank of Pakistan (SBP) yesterday, savings mobilised under the NSS in December alone amounted to Rs 6.97 billion, which is 36% higher than the corresponding figure for the same month of 2018-19. While in the preceding month, it stood at Rs 23.8 billion, showing a massive decline of 71% MoM.

During the first 6 months of the current fiscal year, most of the incremental mobilisation went into Defence Saving Certificates (Rs 89.56 billion) and Regular Income Certificates (Rs 69.88 billion). While the investment in other saving schemes recorded at Rs 120.5 billion.      

On the contrary, holdings in Prize Bonds and Special Saving Certificates witnessed the withdrawal of Rs 10.3 billion and Rs 157.79 billion respectively during 1HFY20.

While in the month of December, most of the investment was witnessed in Regular Income Certificates (Rs 1 billion).

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Posted on: 2020-01-31T10:51:00+05:00