Department of National Savings (DNS)
Formation of DNS :
Department 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 their report (Chapter 111 July 1982) formalized the National Savings Department. Primary objectives of the DNS 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 DNS 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. Thereafter during the period of 1980 to 1989, all distract level Savings Offices were also brought under operative functions.
Department 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 DNS. 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.
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.