DFIM Circular Letter No. 13: Interest/Profit Rate of Deposit and Loan/Lease/Investment

Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.

DFIM Circular Letter No. 13

To: Managing Director/Chief Executive Officer All Financial Companies operating in Bangladesh.

Dear Sir,

Subject: Interest/Profit Rate of Deposit and Loan/Lease/Investment.

Reference is drawn to your attention DFIM Circular Letter No. 07, dated: 20 June 2023, DFIM Circular Letter No. 21, dated: 08 October 2023, DFIM Circular Letter No. 25, dated: 29 November 2023, and DFIM Circular Letter No. 08, dated: 05 March 2024, regarding the above-mentioned subject.

2. Considering the current monetary policy rates, the interest/profit rates for deposits and loans of financial companies shall be determined as follows: (a) The maximum interest/profit rate for deposits shall be BDT +2.0%; and (b) The maximum interest/profit rate for loans/leases/investments shall be BDT +5.0%.

3. The instructions in paragraph 2 above shall apply to newly collected deposits and distributed loans from the date of issuance of this circular. Furthermore, all other instructions of DFIM Circular Letter No. 07/2023 shall remain unchanged.

These instructions are issued under the authority granted by Section 41(2)(g) of the Financial Companies Act, 2023, and shall take effect immediately.

Yours faithfully,

(Md. Asaduzzaman Khan) Director (DFIM) Phone: 9530178.

20 Chaitra 1430 Date: 03 April 2024

Financial Institutions and Markets Department