February 5, 2023

Pkrevenue.com

Pakistan Revenue

Tag: CDNS

President Alvi bars retrospective effect to profit rates on saving certificates
Sep 18
Money & Banking, National, Top stories

President Alvi bars retrospective effect to profit rates on saving certificates

ISLAMABAD: The President of Pakistan Dr. Arif Alvi, while rejecting the retrospective effect of government decision, has directed the authorities to pay profit rate on saving certificates on prevailing rates. While accepting a representation of an aggrieved citizen against a decision of the Wafaqi Mohtasib, President Dr Arif Alvi has directed the Central Directorate of […]

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National Savings stops profit coupons after August 31, 2022
Aug 7
Money & Banking, Top stories

National Savings stops profit coupons after August 31, 2022

ISLAMABAD: The Central Directorate of National Savings (CDNS) has announced that it will not issue profit for various savings schemes through coupons. In a public notice, the CDNS said that laws have been amended related to regular income certificates, Behbood Saving Certificates and Pensioners Benefit Account. READ MORE: Pakistan increases profit rates for saving accounts […]

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National Savings connects with Raast payment system
May 23
Money & Banking

National Savings connects with Raast payment system

KARACHI: State Bank of Pakistan (SBP) on Sunday announced successful integration of Central Directorate of National Savings (CDNS) with Raast payment system. “Now customers of CDNS can receive their payments directly into their bank accounts without going to branches,” the SBP said. READ MORE: SBP launches free P2P money transfer under Raast Through this integration […]

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4th draw of Rs25,000 premium prize bonds announced
Dec 14
Money & Banking, National

4th draw of Rs25,000 premium prize bonds announced

Central Directorate of National Savings (CDNS) has held Fourth draw of Rs25,000 denomination prize bonds (premium or registered) and announced Rs30 million as first prize to the bond number (016253) and (067408). The prize bond draw was held at Quetta on December 10, 2021. Five bonds i.e. (038203), (171265), (551833), (655804) and (916353) have been awarded Rs10 million each […]

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Profit rates on saving schemes sharply increased
Dec 9
Finance, Top stories

Profit rates on saving schemes sharply increased

ISLAMABAD: The government has announce sharp increase in profit rates for national saving scheme following the significant rise in key policy rate announced last month by the State Bank of Pakistan (SBP). The Central Directorate of National Savings (CDNS) on Thursday notified increase in profit rates of saving schemes. The CDNS increased the profit rate […]

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National Savings tightens checks on investors
Dec 10
Finance

National Savings tightens checks on investors

ISLAMABAD: The government has tightened monitoring of investors of national savings to comply with conditions of Financial Action Task Force (FATF) and prevent transactions related to money laundering and terror financing. The Central Directorate of National Savings (CDNS) has prepared a comprehensive plan to examine the customers and issued instructions to all its regional offices […]

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National Savings: Rules notified for identification of customers, beneficial owners
Oct 21
Finance

National Savings: Rules notified for identification of customers, beneficial owners

ISLAMABAD: National Savings (AML and CFT) Supervisory Board for National Savings Schemes has issued SRO 956(I)/2020 for identification and verification of customers, beneficial owners of saving schemes. According to the SRO regulations shall be called the National Savings (AML and CFT) Regulations, 2020. The chapter III of the regulations explained the identification and verification of […]

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