Savings Mobilized by NSS records net inflow of Rs2.32bn in May

MG News | July 05, 2024 at 03:17 PM GMT+05:00

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July 05, 2024 (MLN): The net receipts of Savings Mobilized by National Savings Schemes (NSS) stood at Rs2.32 billion in May as compared to payments of Rs1.19bn 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Defence Saving Certificates (DSC) experienced a net outflow of Rs1.28bn in May 2024, indicating that more funds were withdrawn from DSCs than invested during this month.

Similarly, the Regular Income Certificates (RIC) recorded an outflow of Rs4.37bn, and Rs255.91m was withdrawn or redeemed from the Special Savings Certificates (SSC).

Meanwhile, Rs658.33m was injected into Prize Bonds.

Moreover, other savings categories within NSS recorded receipts totaling Rs7.56bn. It rose substantially as compared to Rs2.49bn in the previous month.

To note, in the fiscal year 2024, the net outflows from Savings Mobilized by NSS have been recorded at Rs111.77bn, reflecting a consistent trend of net payments from these savings schemes during the year.

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