Regulatory Alerts2022-04-12
Added
DMD Circular Letter No. 03: Regarding Investment Limit and Rate Refixation of US Dollar Premium and Investment Bond
The Government of Bangladesh revised the investment slabs and profit rates for the U.S. Dollar Premium Bond and U.S. Dollar Investment Bond based on deposit amounts up to US$100,000, between US$100,000 and US$500,000, and above US$500,000 for tenures of one, two, and three years. The new slabs apply to new investments, while existing schemes retain their current rates until maturity, with separate accounting required for each scheme and transactions allowed in both US Dollars and Bangladeshi Taka.
50119
Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.
Data Management Department
29 Chaitra, 1428 Bangabda Date: ----------------------- 12 April, 2022
DMD Circular Letter No.-03
Managing Director/Chief Executive Officer All Scheduled Banks Operating in Bangladesh (Excluding Shariah-based Banks)
Dear Sir,
Regarding the Re-fixation of Investment Slab and Profit Rate of US Dollar Premium and Investment Bond.
In this regard, the Notification No. 08.00.0000.041.22.017.16 dated 04 April, 2022 of the Internal Resources Division, Ministry of Finance, Government of the People's Republic of Bangladesh, regarding the re-fixation of the investment slab and profit rate of the US Dollar Premium Bond and US Dollar Investment Bond included in the National Savings Bond, is being sent herewith for your information and necessary action.
Yours faithfully,
(Khandaker Siddiqur Rahman) Deputy General Manager Phone: 9530131
Phone: 88-02-9550448, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530479, www.bb.org.bd
Government of the People's Republic of Bangladesh Internal Resources Division Ministry of Finance Savings Branch www.ird.gov.bd
No.-08.00.0000.041.22.017.16 Date: 21 Chaitra 1428 04 April 2022
Notification
In accordance with the U.S. Dollar Premium Bond Rules, 2002 (Amended upto 30 June 2012) and U.S. Dollar Investment Bond Rules, 2002 (Amended upto 30 June 2012), the investment slab and profit rate for the following two bonds are hereby re-fixed as follows:
| Sr. No. | Name of Savings Scheme | Tenure | Current Profit Rate (%) | Up to US$ 1,00,000/- (One Lakh) | From US$ 1,00,000/- (One Lakh) to US$ 5,00,000/- (Five Lakh) | From US$ 5,00,000/- (Five Lakh) and above |
|---|---|---|---|---|---|---|
| 01 | US Dollar Premium Bond | End of 1st Year | 6.50 | 4.50 | 3.50 | 2.50 |
| End of 2nd Year | 7.00 | 5.00 | 4.00 | 3.00 | ||
| End of 3rd Year | 7.50 | 5.50 | 4.50 | 3.50 | ||
| 02 | US Dollar Investment Bond | End of 1st Year | 6.50 | 4.50 | 3.50 | 2.50 |
| End of 2nd Year | 6.00 | 4.00 | 3.50 | 2.50 | ||
| End of 3rd Year | 6.50 | 4.50 | 4.00 | 3.00 |
- The new slabs for the two mentioned savings schemes will be in US Dollars (US$) and there will be no upper limit for investment in both schemes;
- In the case of providing profit based on new slabs, separate investment accounts will be maintained for the two mentioned schemes. However, the profit rate of the two savings schemes issued prior to the introduction of the new slabs will be applicable at the current rate during their tenure;
- The investment amount for the two mentioned schemes will be accounted for separately from all other savings schemes; and
- There will be a facility to receive accounts related to transactions of both schemes in both US Dollars (US$) and Bangladeshi currency (BDT).
- This order is issued in the public interest.
By Order of the President, Signature/- (Dipak Kumar Biswas) Deputy Secretary
No.-08.00.0000.041.22.017.16 Date: 21 Chaitra 1428 04 April 2022
Copies are sent for information and necessary action (not in order of seniority):
- Secretary to the Cabinet, Cabinet Division/Principal Secretary to the Prime Minister, Office of the Prime Minister.
- Governor, Bangladesh Bank, Head Office, Dhaka.
Continued on Page-2
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- Senior Secretary, Finance Division, Ministry of Finance, Dhaka.
- Secretary, Financial Institutions Division/Ministry of Posts and Telecommunications/Ministry of Information, Bangladesh Secretariat, Dhaka.
- Director General, National Savings Directorate, Dhaka.
- Director General, Bangladesh Post Office, Department of Posts, Dhaka.
- Deputy General Manager, Data Management Department, Bangladesh Bank, Head Office, Dhaka.
- Private Secretary to the Senior Secretary, Internal Resources Division, Ministry of Finance.
- 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}.
- Chief Accounts and Finance Officer, Internal Resources Division, Segunbagicha, Dhaka.
- Assistant Programmer, ICT Branch, Internal Resources Division, Dhaka.
- Personal Officer to the Joint Secretary (Savings), Internal Resources Division, Dhaka.
Signature/- (Dipak Kumar Biswas) Deputy Secretary