As far as is known about today's savings scheme and the past history of savings, Reverend Henry Duncan, who is 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 Corporation' was officially launched to encourage small savers to save.
 Then after the partition of the country in 1947, the activities of national savings were transferred under the Ministry of Finance of the government. The head office of this organization was located in Shimla, India. After the independence of Bangladesh through a bloody struggle, the National Savings Department was established in 1972 at the initiative of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. 

Then after long 42 years National Savings Directorate was elevated to Directorate in February 2014. The Directorate of National Savings is a Directorate under the Internal Resources Division of the Ministry of Finance. 
District Savings Office/Bureau, Jhenaidah is the district office of the Directorate of National Savings under the Department of Internal Resources, Ministry of Finance, Government of the People's Republic of Bangladesh. This institution works to inculcate the culture of savings among the people of Jhenaidah district.