National Savings Launches Debit Card Facility

The Central Directorate of National Savings (CDNS) on Tuesday launched debit cards for the account holders of National Savings. Director National Savings Karachi, Muhammad Ali Thebo inaugurated the project.

Commenting on the launch, Muhammad Ali Thebo took to Twitter and said, “Alhamdulilah. It is [the] beginning of [a] new era. 1st day of National Savings ATM/Debt Card transaction has been successfully tested. Congrats to all.”

The debit cards issued by National Savings will work on ATMs of all banks.

In the first phase, the debit cards have been issued to employees of National Savings on a trial basis. The facility will be rolled out on a wider scale to account-holders once the test phase is completed. The facility, when fully functional, will greatly benefit senior citizens, widows, and pensioners.

National Savings is the largest investment and financial institution in Pakistan with a portfolio of over Rs. 3.4 trillion. It has more than 4 million investors, which are being served through a network of 376 branches nationwide, controlled by 12 Regional Directorates of National Savings (RDNS).

  • Well done , a great relief for the elderly people waiting for hours . It will also lower the burden of the center’s staff .

  • بہت عمدہ سہولت ایسی ہی سہولت بہبود اور بزرگ شہریوں کے پینشن سرٹیفیکیٹ پہ بھی ہو تو بہت سے بزرگ شہریوں بیواوں اور پینشنرروں کو اساانی ہو جائے گی اور ان اداروں میں رش کم ہو جائے گا۔۔۔

  • It is indeed a big leap forward towards modernization of its system by National Savings for the Deptt had been in mostly surviving the stone age era, I.e. to say volumous ledgers and books.
    Let us hope that we the customers of CDNS now enjoy modern banking system being CDNS customers. But for the heavens sake, system should be mature and secure to avoid discontinuation after its operation. As was done in the case of CDNS App which was launched and finally dumped after defraud by the staff….

  • What a pity!!! We are so joyfully upon introduction of debit card, while our banking system is at least fifty years behind the global culture. We have nothing to invent, just copy the prevailing well tested systems and implement. A word of caution. SECURITY must be our top priority.

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