DMD Circular Letter No. 03: Profit Rate Refixation in National Savings Schemes

50119

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

Data Management Department

02 Magh, 1431 Date: ----------------------- 16 January, 2025

DMD Circular Letter No. 03/2025

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

Dear Sir,

Regarding the re-fixation of profit rates in Savings Schemes.

The Notification No. 08.00.0000.041.22.006.20.8 dated 15 January, 2025, issued by the Internal Resources Division of the Ministry of Finance, Government of the People's Republic of Bangladesh, regarding the re-fixation of profit rates in the investment sectors for the "National Savings Schemes" for the period of January-June, 2025, is hereby forwarded for your information and necessary action. It is specifically mentioned that this order will be effective from 01 January, 2025.

Yours faithfully,

(Ishetaqmal Hossain) Director (DMD) Phone: 9530131

Enclosure: As described.

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

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

01 Magh 1431 Bangabda Date: ----------------------- 15 January 2025 AD

Number: 08.00.0000.041.22.006.20.8

Notification

Profit rates are hereby re-fixed in two steps (7.50 lakh Taka and below, and above 7.50 lakh Taka) as follows, based on the investment category for the period of 'January-June' 2025 for the 'National Savings Schemes' issued by the National Savings Office:

Sr. No.	Name of 'National Savings Scheme'	Tenure	Amount of Cumulative Investment:
			In case of investment of 7.50 lakh Taka and below:	In case of investment above 7.50 lakh Taka:
			Re-fixed Profit Rate (%)
01	5-Year Tenure Bangladesh Savings Certificate	End of 1st Year	10.93	10.11
		End of 2nd Year	10.68	10.62
		End of 3rd Year	11.19	11.17
		End of 4th Year	11.78	11.75
		End of 5th Year	12.40	12.37
02	3-Month Profit-Based Savings Certificate	End of 1st Year	11.04	11.00
		End of 2nd Year	11.65	11.61
		End of 3rd Year	12.30	12.25
03	Pensioner Savings Certificate	End of 1st Year	10.20	10.11
		End of 2nd Year	10.75	10.62
		End of 3rd Year	11.31	11.17
		End of 4th Year	11.91	11.75
		End of 5th Year	12.55	12.37
04	Family Savings Certificate	End of 1st Year	10.20	10.11
		End of 2nd Year	10.75	10.62
		End of 3rd Year	11.28	11.17
		End of 4th Year	11.87	11.75
		End of 5th Year	12.50	12.37
05	Post Office Savings Bank Fixed Deposit Account	End of 1st Year	11.04	11.00
		End of 2nd Year	11.65	11.61
		End of 3rd Year	12.30	12.25

2. In case of premature encashment before maturity, profit shall be payable at the annual rates described in the table above;

3. Profit shall be payable based on both tiers (7.50 lakh Taka and below, and above 7.50 lakh Taka) considering the cumulative investment including the amount of previous investments (total investment in one or more schemes);

4. The profit rates for the following 4 schemes under 'National Savings Schemes' - Wage Earner Development Bond, US Dollar Premium Bond, US Dollar Investment Bond, and Post Office Savings Bank General Account - will remain unchanged as before;

5. This order will be effective from 01 January 2025. For all 'National Savings Schemes' issued before 01 January 2025, the profit rate at the time of issuance applicable for the tenure at the time of issuance will apply. However, in case of re-investment, the profit rate on the date of re-investment will apply;

6. The profit rate on investment in National Savings Schemes will be re-fixed again six (6) months after the issuance of this order; however, investors will receive the existing profit rate at the time of issuance for the full tenure of the investment; i.e., they will receive profit at the same rate until the tenure for which it was issued ends;

7. This order is issued in the public interest.

By order of the President, (Signature) 15-01-2025 Mokima Begum Deputy Secretary mokima.begum@ird.gov.bd

Number: 08.00.0000.041.22.006.20.8/1 (15)

01 Magh 1431 Bangabda Date: ----------------------- 15 January 2025 AD

A copy is forwarded for information/necessary action to (not in order of seniority):

1. Secretary to the Cabinet, Cabinet Division/Chief Secretary to the Chief Adviser, Office of the Chief Adviser.
2. Governor, Bangladesh Bank, Head Office, Dhaka.
3. Secretary, Finance Division, Ministry of Finance, Bangladesh Secretariat, Dhaka.
4. Secretary, Financial Institutions Division, Ministry of Finance, Bangladesh Secretariat, Dhaka.
5. Secretary, Ministry of Information, Bangladesh Secretariat, Dhaka.
6. Secretary, Post and Telecommunications Division, Bangladesh Secretariat, Dhaka.
7. Director General, Bangladesh Post Office, Dhaka.
8. Director General, National Savings Office, Dhaka.
9. National Programme Director (Additional Secretary), Strengthening Public Financial Management Program to Enable Service Delivery (SPFMS), Finance Division, Ministry of Finance, Dhaka.
10. Director, Data Management Department, Bangladesh Bank, Head Office, Dhaka.
11. Private Secretary to the Secretary, Internal Resources Division, Ministry of Finance, Dhaka.
12. Deputy Director, Bangladesh Forms and Publications Office, Tejgaon, Dhaka (requested to print 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, ICT Branch, Internal Resources Division, Dhaka (requested to upload on the website of this division).
15. Personal Assistant to the Joint Secretary (Savings), Internal Resources Division, Dhaka.

(Signature) 15-01-2025 Mokima Begum Deputy Secretary