Regulatory Alerts2021-09-28
Added
DMD Circular Letter No. 05: Reduction of Commission on the sale of 5 (five) Savings Instruments
The document transmits a notification from the Ministry of Finance's Department of Internal Resources, dated September 16, 2021, which redefines the commission rates for the sale of five specific savings schemes. The new rates are set at 0.05% or a maximum of 500 BDT per registration, whichever is lower, applying to the 5-year Bangladesh Savings Certificate, profit-based savings certificates issued every 3 months, pensioner savings certificates, family savings certificates, and Post Office Savings Bank term accounts. This order is effective from the date of its issuance and is directed to the Chief Executive Officers of all scheduled banks operating in Bangladesh for necessary action.
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