Savings Mobilized by NSS records net inflow of Rs1.63bn in June

MG News | August 15, 2024 at 11:40 AM GMT+05:00

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August 15, 2024 (MLN): The net receipts of Savings Mobilized by National Savings Schemes (NSS) stood at Rs1.63 billion in June as compared to payments of Rs3.96bn 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Defence Saving Certificates (DSC) experienced a net outflow of Rs1.05bn in June 2024, indicating that more funds were withdrawn from DSCs than invested during this month.

Similarly, the Regular Income Certificates (RIC) recorded an outflow of Rs1.43bn, and Rs828.61m was injected into the Special Savings Certificates (SSC).

Similarly, Rs481.68m was injected into Prize Bonds.

Moreover, other savings categories within NSS recorded receipts totaling Rs2.8bn. It rose substantially as compared to Rs1.29bn 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.

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