CDNS receives Rs971 billion fresh deposits in FY21 : vimarsa

CDNS receives Rs971 billion fresh deposits in FY21


CDNS receives Rs971 billion fresh deposits in FY21
July 24, 2021
ISLAMABAD: The Central Directorate of National Savings (CDNS) has received a fresh deposit of Rs971 billion during the last fiscal year 2020-21, against its set collection target of Rs250 billion for the period, a senior official of the CDNS told APP on Friday.
The CDNS sets an annual collection target to enhance savings and promote saving culture in the country. The CDNS had set Rs352 billion annual collection target for the year 2019-20 as compared to Rs350 billion for the previous year, 2018-19, he said.
The directorate received an increased investment of Rs70 billion by June 30 of this fiscal for new registered Premium Prize Bonds of Rs40,000 and Rs25,000. However, in FY2021, investors withdrew Rs881 billion after the suspension of the said bond.

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