BRPD Circular Letter No. 04: Rate of Interest/Profit on Fixed/Term Deposits

BRPD Circular Letter No. 04
Banking Policy and Regulation Department
Bangladesh Bank
Head Office
Dhaka.
April 17, 2012
BRPD Circular Letter No. 04 Date: ------------------- Baisakh 04, 1419 Managing Director/Chief Executive All Scheduled Banks operating in Bangladesh. Dear Sir, Re: Rate of Interest/Profit on Fixed/Term Deposits. Reference is drawn to your attention to BRPD Circular Letter No. 02, dated February 29, 2012, on the subject cited above. Through the aforementioned Circular Letter, you were instructed to send a list of fixed/term deposits of 1 crore Taka and above issued/renewed by your bank to this department on a weekly basis in the prescribed format. From now on, you are instructed to send information on fixed/term deposits to this department on a bi-weekly basis in the following modified format:

Deposit Amount	Total Number of Accounts	Declared Interest/Profit Rate	Paid Interest/Profit Rate
1 crore Taka and above but less than 5 crore Taka
5 crore Taka and above but less than 10 crore Taka
10 crore Taka and above

All other instructions of the aforementioned Circular Letter will remain unchanged. This directive will take immediate effect. Please acknowledge receipt. Yours faithfully, Signed (Md. Anowarul Islam) Deputy General Manager Phone: 7120377