KARACHI:
The State Bank of Pakistan (SBP) has allowed clearinghouse membership to the
Central Directorate of National Savings (CDNS) in order to provide convenience
to savers, a statement said on Wednesday.
This
initiative will enable the CDNS investors to receive profit / credit directly
into their accounts maintained with their banks, which would serve as
proficient and a safe mechanism for the general public.
The
State Bank has issued instructions to all the banks to accept profit coupon /
withdrawal slips pertaining to Pensioners Benefit Account (PBA), Behbood Saving
Certificate (BSC) and Saving Account (SA) of CDNS.
“The
investors can now deposit these instruments directly into their bank accounts,
located anywhere in Pakistan. These instruments will be cleared by CDNS through
clearinghouse,” the SBP added. “Upon receipt of successful clearance from the
National Savings, the banks will then credit respective accounts of such
investors,” it added.
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