Latest news with #CentralDirectorateofNationalSavings
Express Tribune
21-05-2025
- Business
- Express Tribune
Profit rates revised for National Savings schemes
The Central Directorate of National Savings (CDNS) has reduced rates of return on several National Savings Schemes (NSS), with cuts up to 100 basis points (bps), it was reported on Wednesday The Savings Account (SA) rate dropped by 100bps to 9.50% from 10.50%, according to Topline Securities. Defence Saving Certificates (DSC) returns fell by 21bps to 11.91% from 12.12%, while Bahbood Savings Certificates (BSC) declined by 24bps to 13.44% from 13.68%. Rates for Pensioners Benefit Account (PBA) and Shuhda Family Welfare Account (SFWA) were also lowered by 24bps each, now standing at 13.44%. Similarly, Regular Income Certificates (RIC) returns decreased by 18bps to 11.52% from 11.70%.
Express Tribune
15-05-2025
- Business
- Express Tribune
Rs1500 prize bond draw May 2025 results
Listen to article Prize bonds remain a preferred savings instrument for many Pakistanis, offering a secure investment option with the potential for significant monetary rewards. They are available in denominations of Rs100, Rs200, Rs750, Rs1,500, Rs3,000, Rs7,500, Rs15,000, and Rs40,000. The draw for the Rs1,500 prize bond (Draw No. 102) was held in Karachi on May 15, 2025, according to the Central Directorate of National Savings. The results have now been officially announced. According to the official results, the first prize of Rs3,000,000 was awarded to bond number 902481. The second prize of Rs1,000,000 each was won by bond numbers 500006, 516817, and 777270. Additionally, 1,696 winners received the third prize of Rs18,500 each. Prize bond results are issued by the National Savings Division and can be verified through official channels.
Express Tribune
15-04-2025
- Business
- Express Tribune
Rs750 prize bond draw April 2025 results
Prize bonds remain a popular investment option for millions of Pakistanis, offering both a secure saving method and the possibility of winning significant cash prizes. Managed by the Central Directorate of National Savings (CDNS) since the 1960s, the scheme operates in collaboration with the central bank, allowing citizens to safeguard their money without the risk of devaluation. The National Savings Division conducted the balloting for the Rs750 prize bond on April 15, 2025 in Peshawar. According to the results, the first prize was awarded to bond number 261227, with winner receiving Rs Rs1,500,000. The second prize, valued at Rs 500,000 each, was granted to three lucky bondholders holding numbers 204763, 413549 and 992747. Additionally, 1696 winners secured the third prize, with each receiving Rs9,300. On January 1, the National Savings Division released the schedule for the 2025 prize bond draws, including those for national and premium bonds. The upcoming draws are as follows: Rs. 1,500 Prize Bond Draws: May 15, 2025 (Thursday) – Karachi August 15, 2025 (Friday) – Faisalabad November 17, 2025 (Monday) – Rawalpindi Rs. 750 Prize Bond Draws: July 15, 2025 (Tuesday) – Rawalpindi October 15, 2025 (Wednesday) – Muzaffarabad Rs. 200 Prize Bond Draws: June 16, 2025 (Monday) – Quetta September 15, 2025 (Monday) – Multan December 15, 2025 (Monday) – Lahore Rs. 100 Prize Bond Draws: May 15, 2025 (Thursday) – Sialkot August 15, 2025 (Friday) – Lahore November 17, 2025 (Monday) – Hyderabad These draws are scheduled throughout the year at various locations across Pakistan, giving participants multiple opportunities to win.
Express Tribune
05-04-2025
- Business
- Express Tribune
Rs750 prize bond draw date for April 2025 announced
Listen to article Prize bonds continue to be a popular investment choice for millions of Pakistanis, providing a secure way to save money with the added opportunity of winning large cash prizes. Since the 1960s, the Central Directorate of National Savings (CDNS) has managed the scheme in partnership with the central bank, offering citizens a way to protect their funds from devaluation. The prize bond system serves two main objectives: raising funds for the government while giving people an accessible, low-risk savings option. National Savings conducts quarterly draws, where bondholders have the chance to win cash prizes based on their bond numbers. Next draws In 2025, the prize bond draws are scheduled to take place on four dates throughout the year. The first draw was held on January 15, with the next one set for April 15. Following this, two more draws will be conducted in July and October. The details of the draw for April 15, 2025, are as follows: Prizes and Amounts: First Prize : Rs 1,500,000 (1 winner) Second Prize : Rs 500,000 (3 winners) Third Prize: Rs 9,300 (1,696 winners) Prize bond 2025 schedule On January 1, the National Savings Division released the schedule for the 2025 prize bond draws, including those for national and premium bonds. The upcoming draws are as follows: Rs. 1,500 Prize Bond Draws: February 17, 2025 (Monday) – Multan May 15, 2025 (Thursday) – Karachi August 15, 2025 (Friday) – Faisalabad November 17, 2025 (Monday) – Rawalpindi Rs. 750 Prize Bond Draws: January 15, 2025 (Monday) – Karachi April 15, 2025 (Tuesday) – Peshawar July 15, 2025 (Tuesday) – Rawalpindi October 15, 2025 (Wednesday) – Muzaffarabad Rs. 200 Prize Bond Draws: March 17, 2025 (Monday) – Faisalabad June 16, 2025 (Monday) – Quetta September 15, 2025 (Monday) – Multan December 15, 2025 (Monday) – Lahore Rs. 100 Prize Bond Draws:
Express Tribune
20-03-2025
- Business
- Express Tribune
Govt revises profit rates on national savings schemes
Listen to article The federal government has revised profit rates on national savings schemes, increasing returns on several certificates by up to 70 basis points while reducing the savings account rate by 100 basis points. According to Express News, the Central Directorate of National Savings (CDNS) has implemented these changes following the State Bank of Pakistan's (SBP) Monetary Policy Committee (MPC) decision to maintain the policy rate at 12%. CDNS officials confirmed that the Short-Term Savings Certificate (STSC) rate has been raised by 15 basis points (bps), increasing from 10.81% to 10.96%. The Defence Savings Certificate (DSC) now offers 12.15%, up by one basis point. Meanwhile, the Pensioners' Benefit Account, Bahbood Savings Certificate, and Shuhada Family Welfare Account have seen a 10 bps increase, taking the rate to 13.68%. For Sarwa Islamic Term Account (SITA) and Sarwa Islamic Savings Account (SISA), the return has risen by 70 bps, from 9.74% to 10.44%. On the other hand, the savings account return has been cut by 100 basis points, dropping from 11.5% to 10.5%. These adjustments are aimed at aligning national savings returns with economic policies while managing liquidity in the financial sector.
