ISLAMABAD: In order to benefit its clients, the Central Directorate of National Savings (CDNS) has enhanced its investment limit for Behbood Savings Certificates and Pensioners' Benefit Accounts from Rs 3 million to Rs 4 million.
The CDNS, which currently serves seven million clients all across the country, provides 100 percent secure investment with government guarantee and that is why people have been reposing confidence on its short and long term schemes to take benefit, official sources added.
Besides increasing the investment limit, the CDNS also announced its mark up rate for various schemes it has been running for the benefit of its clients, the sources said.
According to the break up figures of the National Savings, the CDNS provides profit of 8.87 percent on Defence Saving Certificates and 10.80 percent on Behbood Saving Certificates.
Similarly, profit of 10.80 percent is being provided on Pensioners' Benefit Account whereas mark up of 7.848 is being offered Regular Income Certificates.
For Special Savings Certificate/Accounts, the CDNS provides profit of 7 percent where as mark up rate of 4.25 is being offered on Savings Accounts and 6.16 percent on Short-Term Saving Certificates.
As far as the prize bonds are concerned, the CDNS announced to give first prize of Rs 75 million on Rs 40,000 bond, the sources added.
Senior citizens, pensioners and widows have been showing confidence in National Saving's schemes, particularly in "Behbood Saving Scheme" due to high rate of return, sources said.
For the facilitation of the clients, the CDNS has almost 374 branches all across the country, they added.
It is pertinent to mention here that the CDNS fixed savings target for financial year of 2015-16 has been fixed at Rs 302 billion, with gross target at Rs 1,043 billion.
The Central Directorate of National Savings (CDNS) achieved Rs336 billion savings target last year from July 1 2014 to June 30 2015 against the revised target of Rs329 billion.
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