DMD Circular Letter No. 05: Reduction of Commission on the sale of 5 (five) Savings Instruments

50119

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

Data Management Department

13 Ashwin, 1428 Bangla
Date: --------------------------
28 September, 2021

DMD Circular Letter No.-05

Chief Executive Officer
All Scheduled Banks operating in Bangladesh.

Dear Sir,

Regarding the reduction of commission rate on the sale of 5 (five) Savings Schemes.

In this regard, the Notification (No.- 08.00.0000.041.22.004.20) dated 16/09/2021 of the Department of Internal Resources, Ministry of Finance, Government of the People's Republic of Bangladesh, is being sent herewith for your kind information and necessary action.

Yours faithfully,

(Rup Ratan Pain)
General Manager
Phone: 9530131

Enclosure: 02 (Two) pages.

Phone: 88-02-9550848, 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 Department of Internal Resources Ministry of Finance Savings Branch www.ird.gov.bd

No.-08.00.0000.041.22.004.20. Date: 01 Ashwin 1428 16 September 2021

Notification

The Government has redefined the existing rate of commission on the sale of 5 (five) Savings Schemes operated through the Online Management System as follows:

Description of Savings Instrument	Commission Rate
(1) 5-year term Bangladesh Savings Certificate;	0.05%
(2) Profit-based Savings Certificate issued every 3 months;	or
(3) Pensioner Savings Certificate;	Up to 500 (five hundred) Taka per registration;
(4) Family Savings Certificate; and	Whichever is lower of the two.
(5) Post Office Savings Bank - Term Account
(On total deposit).

2. This order is issued in the public interest. It shall come into force from the date of its issuance.

By Order of the President
Signed/-
(Nusrat Jahan Nisu)
Senior Assistant Secretary

No.-08.00.0000.041.22.004.20.46/1(18) Date: 01 Ashwin 1428 16 September 2021

Copies are sent for kind information and necessary action (not in order of seniority):

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. Senior Secretary, Finance Division, Ministry of Finance, Dhaka.
4. Secretary, Ministry of Posts and Telecommunications / Ministry of Information / Financial Institutions Division, Ministry of Finance, Bangladesh Secretariat, Dhaka.
5. Director General, National Savings Department, Dhaka.
6. Director General, Post Office Department, Dhaka.
7. General Manager, Data Management Department, Bangladesh Bank, Head Office, Dhaka.
8. Personal Secretary to the Senior Secretary, Department of Internal Resources, Ministry of Finance.
9. 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).
10. Chief Accounts and Finance Officer, Office of the Chief Accounts and Finance Officer, Department of Internal Resources, Segunbagicha, Dhaka.

Continued on page-2

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11. Assistant Programmer, ICT Branch, Department of Internal Resources, Dhaka.
12. Personal Assistant to the Joint Secretary (Savings), Department of Internal Resources, Dhaka.
13. Office Copy / Guard File / Master Copy.

Signed
26/09/21
(Nusrat Jahan Nisu)
Senior Assistant Secretary