An Introduction To National Savings CDNS.ppt
- 2. NATIONAL SAVINGS ORGANIZATION: HISTORY ,FUNCTIONS,SET UP AND SCHEMS 2
- 3. Vision Promote and inculcate the value of thrift for mobilization of savings for investment in national development 3
- 4. Mission To be the preferred institution for small savers and to promote the objective of financial inclusion 4
- 5. Historical Background Idea of Savings Certificates introduced in the sub-continent in 1916. Defence Savings Certificates introduced during the 2nd World war . National Savings Bureau established at Simla in 1944, as an attached department of the Ministry of Finance. Investment was secured through various agencies- the administrative control vested with the provincial governments. Entire expenditure was borne by the Federal Government. Pakistan inherited same arrangements. National Savings Bureau renamed as Central Directorate of National Savings(CDNS) in 1953. CDNS was given the status of Attached Department of Finance Division in 1960. CDNS was directly involved in sale and encashment of National Savings instruments in 1972.
- 6. Key Performance Indicators • More than 7 Million Accounts/Certificates Holders • Deposits are 34% of total banking deposits • NSS are 25% of Domestic Debt. • 374 branches with penetration to sub-tehsil level • Variety of products by tenor and target market From 1 to 10 years From Youngsters/Students to Pension funds 6
- 7. National Savings: Key Facts Organization Structure • Sanctioned strength of 4,299 posts • 425 offices including 374 National Savings Centers Functions • To mobilize savings through Retail Savings Products • Provide access to small savers; • Develop instruments of Non-Bank Borrowing 7
- 8. roducts & Investment: Long and Medium Term (PKR Billions) emes Tenor Profit Payment Existing Rate % Investment Dec-2016 Sh (% ngs ccounts 3-Yrs Bi-annual 6.03 909 ome 5-Yrs Monthly 6.54% 344 vings 10-Yrs Maturity 7.54% 322 enefit 10-Yrs Monthly 09.36% 245 8
- 9. Products & Investment: Short Term (Rs Billions) Tenor Profit Payment Existing Rate % Investm ent Dec- 2016 Sha (% count/Postal Life Defunct/ Defunct Running Account Annual 3.95 95 ds Permanent Debt Quarterly Draws 10.00 707 m Savings es 3-12 months Maturity 5.6- to 5.64 1.2 Savings 10 Yrs 12.60 0.2 tal tal 3,164
- 10. HUMAN RESOURCE Designation BPS No. of Post Director General 21 0001 Directors 20 0019 Joint Director/Deputy Director/System Analyst 19 0021 Assistant Director/Programmer 18 0146 National Savings Officer/Computer Oper/Confidential Officer 17 0632 Deputy Asstt. Director 16 0005 Asstt. Private Secretary 16 0021 Assistant 15 0013 ANSO/Stenotypist 14 0513 Library Asstt. 12 0001 JNSO/UDC 11 1168 LDC/Urdu Typist 09 0045 Driver/Dispatch Rider 04/07 0043 Machine Operator/Naib Qasid/Daftry/Gunman 1/2/3/4 1671
- 11. 11 Go Bac k
- 13. ORGANIZATIONAL CHART CDNS, Islamabad TINS, Islamabad Sub-TINS Karachi 12 RDNS, 374 NSCs Peshawar 30 NSCs Karachi 35NSCs Gujranwala 30 NSCs Faisalabad 39 NSCs Bahawalpur 21 NSCs Hyderabad 28 NSCs Sukkur 29 NSCs Multan 40 NSCs Lahore 38 NSCs Rawalpindi 39 NSCs Abbottabad, 29 NSCs Quetta 15 NSCs DIA, Islamabad Peshawar Karachi Gujranwala Faisalabad Bahawalpur Hyderabad Sukkur Multan Lahore Rawalpindi Abbottabad, Quetta Peshawar Rawalpindi Gujranwala Lahore Multan Hyderabad 12-Regional Accounts offices 07-ZIAOs Karachi
- 14. Stucture of CDNS
- 15. Setup of DIA ZIAO Karachi ZIAO Hyderabad Audit Section- IV ZIAO Multan ZIAO Lahore Audit Section-III ZIAO Gujranwala ZiIAO Rawalpindi Audit Section-II ZIAO Peshawar Audit Section- I Budget & Accounts Section Admn Section AD(HQ) Director
- 16. Setup of RDNS Personnel Administration Legal Matters Admn. Section Budget Section NS Treasury Schemes & Statistics Audit Matters Scheme Section Stationary & Store Section AD(HQ) Director
- 17. SCHEME SECTION RDNS SCHEME & STATISTICS SECTION AUDIT & INSPECTION SECTION STATISTICS SECTION SCHEME SECTION DISPOSAL OF REFERENCES ON RULES/ PROCEDURE ISSUANCE OF VARIOUS SANCTIONS SCRUITINY OF RETURNS/ ACCOUNTS COMPLETENESS & ACCURACY COMPILATION OF RETURNS FOR CDNS/DIA/SBP SBP STATIONARY & STORES NST NSC
- 18. Setup of NSC Cat. “A” Admn. Clerk Counter- I DSCs/SSCs (PRINCIPAL+ PROFIT) Counter- II RICs/BSCs (PRINCIPAL) Counter- III RICs/BSCs (PROFIT) Section Incharge Certificates Counter-IV SAs/SSAs (PRINCIPAL+ PROFIT) Counter- V MAAs/PBAs (PRINCIPAL+ PROFIT) Counter-VI PRIZE MONEY Section Incharge Accounts Cashier Officer Incharge
- 21. QUESTIONS
- 22. Thanks