Investors at National Savings Can Now Withdraw Profits Via Bank Accounts

Investors of National Savings can now withdraw their monthly profits from their bank accounts rather than visiting National Saving Centers.

On Wednesday, State Bank of Pakistan (SBP) announced that Central Directorate of National Savings (CDNS) has been allowed clearinghouse membership.

The bank further revealed that it had formally instructed all the banks to accept profit coupons (or withdrawals slips) related to Pensioners Benefit Account (PBA), Behbood Saving Certificate (BSC) and Saving Account (SA) of CDNS.

The central bank added,

The investors can now deposit these instruments directly into their bank accounts, located anywhere in Pakistan. These instruments will be cleared by CDNS through NIFT.

Upon receipt of successful clearance from National Savings, banks will then credit respective accounts of such investors.

The reason behind this initiative is to provide a proficient and a safe mechanism for the general public to withdraw their profits from National Savings.

It is important to note that previously investors had to personally visit National Saving Centers (NSCs) to collect their monthly profits. The long queues were often time consuming and for widows and senior citizens, it was a huge inconvenience.

This initiative was also backed by SBP as it aligned with their personal goal of the SBP Strategic Plan 2016-2020. Under the strategic plan, the central bank aims to create a modern and a robust payment system which will make things easier for the general public in terms of providing efficient, secure and low cost payment services.

Via PKRevenue

SEO Team Lead, Content Strategist, and an avid sports lover!


  • What I have understand that every month investors have to submit some documents in their banks first, and than after clearing through NIFT they can withdraw money through cash or ATM.
    If I am right than previous method is more convenient as investors can get their profit in one visit if NSC is near to them. But with banks account system they have to go twice to the bank for profit, first for documents and second for profit withdrawl.
    Correct me if I am wrong.

    • Yes i think you are right. But it will be beneficial for account holders residing in other cities than their actual National savings branch.

    • I think security is much better then to have a bunch of cash from NSC and getting mugged, also the rush is unbearable for old peoples.

    • Different Islamic schools of thought differ on (current day) interest being haram and halal.
      Anyways, people are INVESTING their money, not loaning it to the bank. So its profit not interest. Its more like “Mudaraba” where investor is the “Rab ul Maal” and Bank is a “Mudarib”. Bank manages your money to give you profit which you both agreed in advance.

      • Interest or Sood is only on Loan money, not on investment, and with National Savings one invests his or her money not takes or gives loan.

    • The “Interest” that islam bans is “Compound interest” which is charging interest on a previous (monthly or annual) interest plus principal amount. It is not the same as “fixed interest” which is interest on a fixed principal amount excluding a previous interest. I doubt Pakistani government is magnanimous enough to give us a compounded profit even if they were making making 10 times as much on our investment. It is the nature of corruption in our country, If u want to argue halal and haram then don’t invest in anything the Government sponsers. Chances are u are being cheated by everyone from the clerk who gives u ur profit to the director of the program.

  • Is the National saving worth anything anymore. Special is barely hanging on 6% (used to be over 12%) and Behbood which is a pensioner’s benefit program has fallen to an astounding 7% (used to be over 15%). Pakistani news networks seem to find benefit in hiding the facts and reporting such malfeasance to the public with cheap diversionary tactics like “Share-ah now applied” or “It is looking better”. FACT IS NATIONAL SAVING HAS BEEN REDUCED TO A USELESS INVESTMENT SCHEME. FACT IS CIVILIAN INVESTORS WHO INVESTED IN THIS PROGRAM THAT BENEFITED THE COUNTRY ARE NOW BAILING OUT BECAUSE THE GOVERNMENT IS SYSTEMATICALLY SKIMMING FROM THE PUBLIC’S PROFIT MARGIN. FACT IS SOMEONE AT THE TOP IS POCKETING THE PROFIT THAT IS SUPPOSED TO BE GIVEN TO THE INVESTORS.

  • You are very right Mr. Zafari Abbas Rizvi. We are more comfortable with one visit to complete the process at the same time at NSC.
    Secondly there is also a long line in the banks all the time and it is not too easy that bank staff will welcome to NSC customers.


  • Get Alerts

    Follow ProPakistani to get latest news and updates.


    ProPakistani Community

    Join the groups below to get latest news and updates.



    >