April 26, 2015 History Today, as far as is known about the savings scheme and the past history of savings, Reverend Henry Duncan, known as the father of savings banks, established the first savings bank in a church in Scotland in 1810. In England, 65 years before the First World War, the National Savings Agency was officially launched to encourage small savers to save. The National Savings Corporation made significant contributions to the English national economy after World War II. The first National Savings Corporation was set up in the subcontinent in 1944 under the Indian Ministry of Finance to motivate people to save and to control inflation caused by World War II. The head office of this organization was located in Shimla, India. After the partition of the country in 1947, the activities of the National Savings Bank were transferred to the Ministry of Finance of the then government. After the independence of Bangladesh through a bloody struggle, the Directorate of National Savings was established in 1972 on the initiative of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Then, after 42 years, the Directorate of National Savings was promoted to the post in February 2014. The Department of National Savings is a department under the Department of Internal Resources, Ministry of Finance.
Planning and Implementation: Cabinet Division, A2I, BCC, DoICT and BASIS