DMD Circular Letter No. 01: Regarding Investment in Sanchaya Bonds

50119

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

Mujib Year Centenary 100

Debt Management Department

03 Magh, 1428 Bengali Calendar DMD Circular Letter No. 01 Date: ----------------------- January 17, 2022 AD

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

Dear Sir,

Regarding Reinvestment in National Savings Bonds.

In the context of Notifications No. 08.00.0000.041.22.017.16.79 and 08.00.0000.041.22.017.16.80 dated December 3, 2020, from the Internal Resources Division of the Ministry of Finance, Government of the People's Republic of Bangladesh, regarding the amendment of rules/policies for National Savings Bonds (Wage Earner Development Bond, US Dollar Investment Bond, and US Dollar Premium Bond), and in continuation of DMD Circular Letter No. 09 dated December 20, 2020, the instruction regarding reinvestment in savings bonds, as per letter No. 08.00.0000.041.22.007.20.2 dated January 6, 2022, from the Internal Resources Division, is as follows:

“If the reinvestment process was not completed by the date of issuance of Notification No. 08.00.0000.041.22.017.16.79 dated December 3, 2020, by the Internal Resources Division, or if the bondholder has made a written request for reinvestment after the issuance of the notification, a maximum reinvestment facility of BDT 1 (one) crore will be available.”

In light of the above instruction, you are advised to complete the reinvestment process in National Savings Bonds.

Yours faithfully,

(Khandaker Siddiqur Rahman) General Manager Phone: 9530131

Phone: 88-02-9550448, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530479, www.bb.org.bd