DMD Circular Letter No. 01: Regarding Interest Rate Refixation in US Dollar Premium Bond and US Dollar Investment Bond

50119

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

Debt Management Department

01 Magh 1430 Date: ----------------------- 15 January 2024

DMD Circular Letter No.-01

Managing Director / Chief Executive Officer All Scheduled Banks operating in Bangladesh (Excluding Shariah-based Banks)

Dear Sir,

Regarding Interest Rate Refixation in US Dollar Premium Bond and US Dollar Investment Bond.

This is to inform you that the Notification No. 08.00.0000.041.22.007.20.2 dated 14 January 2024 of the Internal Resources Division, Ministry of Finance, Government of the People's Republic of Bangladesh, concerning the refixation of interest rates for the U.S. Dollar Investment Bond and U.S. Dollar Premium Bond included in the National Savings Scheme, is being sent herewith for your information and necessary action.

Yours faithfully,

(Intekal Hossain) Director (DMD) Phone: 9530131

Attachment: As described.

Phone: 88-02-9550448, 9554899, IP: 88-02-55665001-6, Fax: 88-02-9530479, www.bb.org.bd

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Bangladesh Bank Head Office, Dhaka. Debt Management Department Director (DMD) 15 JAN 2024 Additional Director-1. 2. 3. 4. 5 System Generated No-144

Government of the People's Republic of Bangladesh Ministry of Finance Internal Resources Division Savings Branch www.ird.gov.bd

We will change. We will give.

Building No.-7 (3rd Floor), Bangladesh Secretariat, Dhaka.

Number: 08.00.0000.041.22.007.20.2 Date: 30 Poush 1430 14 January 2024

Notification

In accordance with the U.S. Dollar Premium Bond Rules, 2002 (Amended upto 30 June 2012) and U.S. Dollar Investment Bond Rules, 2002 (Amended upto 30 June 2012), the Government has hereby refixed the interest rates on investment in the two bonds as follows:

Sl. No.	Name of Savings Scheme	Tenure	Interest Rate
			Up to US$ 1,00,000/- (One Lakh)
01	U.S. Dollar Premium Bond	End of 1st Year	6.50
		End of 2nd Year	7.00
		End of 3rd Year	7.50
02	U.S. Dollar Investment Bond	End of 1st Year	5.50
		End of 2nd Year	6.00
		End of 3rd Year	6.50

Conditions: (a) In the case of payment of new slab-based interest, the total investment must be determined by combining the investments in the two schemes mentioned above. The interest rates of the two savings schemes issued prior to the determination of the new slabs will apply during the holding period; (b) The investment amount in the two schemes mentioned above will be accounted for separately from all other savings schemes; and (c) All reports-returns regarding transactions of the two schemes will be provided in both US Dollars (US$) and Bangladeshi currency (BDT).

2. This order is issued in the public interest.

By Order of the President,

14-1-2024 Tarek Mohammad Zakaria Senior Assistant Secretary Fax: 02-9540303

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Number: 08.00.0000.041.22.007.20.2/1(15) Date: 30 Poush 1430 14 January 2024

Copies are sent with compliments for information and necessary action:

1. Secretary to the Cabinet, Cabinet Division / Principal Secretary to the Prime Minister, Office of the Prime Minister.
2. Governor, Bangladesh Bank, Head Office, Dhaka.
3. Secretary, Office of the Senior Secretary, Ministry of Information and Broadcasting, Dhaka.
4. Secretary, Finance Division, Ministry of Finance, Dhaka.
5. Secretary, Financial Institutions Division, Ministry of Finance, Dhaka.
6. Secretary, Post and Telecommunications Division, Dhaka.
7. Director General, Bangladesh Post Office, Dhaka.
8. Director General, National Savings Directorate, Dhaka.
9. National Programme Director (Additional Secretary), Strengthening Public Financial Management Program to Enable Service Delivery (SPFMS), Finance Division, Ministry of Finance, Dhaka.
10. General Manager, Debt Management Department, Bangladesh Bank, Head Office, Dhaka.
11. Private Secretary to the Senior Secretary, Office of the Senior Secretary, Internal Resources Division, Ministry of Finance, Dhaka.
12. Deputy Director, Bangladesh Forms and Publications Office, Tejgaon, Dhaka {It is requested to print the notification in the next Gazette and send 1000 (one thousand) copies of the said Gazette to the undersigned}.
13. Chief Accounts and Finance Officer, Office of the Chief Accounts and Finance Officer, Internal Resources Division, Segunbagicha, Dhaka.
14. Assistant Programmer (In-charge), ICT Branch, Internal Resources Division, Dhaka.
15. Personal Officer to the Joint Secretary (Savings), Internal Resources Division, Dhaka.