National Savings, an attached Department of Finance Division, is fulfilling the investment needs of all segments of society with current investor base of over 3 million and a portfolio of Rs.4 trillion which makes around 22% of entire banking deposits na-tionwide.
National Savings has recently digitized its branches through Core Business Application (CBA). Now, the 3 million National Savings customers can with-draw their monthly profit through A.T.M cards in-stead of physically coming to savings centers.
These cards can also be utilized at merchant POS machine for shopping purposes. Similarly, to en-hance the outreach of the department and to tap the untapped potential areas in Lahore, new National Savings Centers are being opened and as a first step, National Savings Center at EME DHA Phase-XIl has started functioning. The center was inaugurated by Zafar Masud (President & CEO of The Bank of Punjab) and the former DG of CDNS. The new branch will cover the residents of areas of Thokar Niaz Baig, Societies along Raiwind Road, Canal Road, and Multan Road.
Speaking on the occasion, the current DG CDNS Mr. Hamid Raza acknowledged the valuable ser-vices rendered by Zafar Masud towards National Savings. He also thanked Mr. Masud for initiating the digitalization process at CDNS. A special sou-venir was also presented to Mr. Zafar Masud at the inauguration ceremony in this respect.
Mr. Zafar Masud said, “It’s an honour and privilege for me to inaugurate the National Savings Center’s branch.
