Savings Mobilized by NSS records net outflow of Rs10.9bn in April

By MG News | June 07, 2024 at 03:33 PM GMT+05:00

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June 07, 2024 (MLN): The net payments of Savings Mobilized by National Savings Schemes (NSS) stood at Rs10.9 billion in April as compared to payments of Rs9.7bn 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Defence Saving Certificates (DSC) experienced a net outflow of Rs3.37bn in April 2024, indicating that more funds were withdrawn from DSCs than invested during this month.

Similarly, the Regular Income Certificates (RIC) recorded an outflow of Rs10.65bn.

Meanwhile, Rs1.02bn was injected into the Special Savings Certificates (SSC) and Rs601.25m was injected into Prize Bonds.

Moreover, other savings categories within NSS recorded receipts totaling Rs1.49bn.

To note, in the current fiscal year to date, the net outflows from Savings Mobilized by NSS stood at Rs123.79bn, reflecting a consistent trend of net payments from these savings schemes during the year.

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