Regulatory Alerts2023-05-28
Added
DMD Circular Letter No. 05: Regarding Withdrawal of Automatic Reinvestment Facility of Manually Issued 5-Year Bangladesh Savings Certificate
The document notifies the withdrawal of the automatic reinvestment facility for manually issued 5-year Bangladesh Savings Certificates, meaning these certificates will no longer be automatically renewed upon maturity. Holders of such certificates will continue to receive interest until the maturity date of June 29, 2024, but must manually open a new online 5-year account on the same day if they wish to reinvest. This directive is issued pursuant to a notification from the Ministry of Finance's Internal Resources Division dated May 7, 2023.
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