Directorate Of National Savings (DNS)
Formation of DNS :
Directorate Of National Savings (DNS) was formed under
the provision of Public Debt Act. 1944 when Bangladesh
was under British rule . But functions of savings
were in existence long before only in the form of
Postal Ordinary Savings Bank (POBS) which dates
back to 1880. After the birth of independent Bangladesh
in 1971, the Martial Law Committee on Organizational
Set Up in there report (Chapter 111 july 1982) formalized
the National Savings Directorate. Primary objective's
of the NSD were only to motivate the people for
investment in different saving instrument . But
during the period of 1980's , Government thought
of assigning operative function's to the NSD under
a pilot project 7 special bureaus were created,
five of which wearing capital Dhaka city , 1 was
at Chittagong and other was at Narayangonj. There
after during the period of 1980 to 1989, all distract
level Saving's Offices were also brought under operative
functions.
Regulatory Authority
Directorate Of National Savings (DNS) is an attached department
of Internal Resources Division (IRD) which works
under the control and supervision of the Ministry
of Finance (MOF). As a government department
all financial and administrative regulations
apply to NSD. Although the Internal Resources
Division and the director is vested with reasonable
authority, policy decisions regarding administration,
procurement and setting of targets are taken
at the MOF level.
Organizational Setup
The
Director who is a deputy secretary level government
officer heads this organization. Normally the
director is posted on deputation from cadre
officers of Bangladesh Civil Service.
