DMD Circular Letter No. 09: Amendment of NRB Bond Rules

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

Debt Management Department

Ref: DMD Circular No. 09 Date: 5 Poush, 1427 Bangla 20 December, 2020

Managing Director / Chief Executive Officer All Scheduled Banks operating in Bangladesh, except Shariah-based Banks.

Dear Sir,

Regarding the amendment and repeal of the National Savings Rules/Policy.

In this regard, Notification No. 08.00.0000.041.22.017.16.79 and 08.00.0000.041.22.017.16.80 dated 03/12/2020 of the Internal Resources Division, Ministry of Finance, Government of the People's Republic of Bangladesh, are enclosed herewith for your information and necessary action.

Yours faithfully,

(Rup Ratan Pain) General Manager Phone: 9530131

Enclosure: 02 (Two) pages.

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 Internal Resources Division Ministry of Finance Savings Branch www.ird.gov.bd

No. 08.00.0000.041.22.017.16.79 Date: 18 Agrahayan 1427 03 December 2020

Notification

Notwithstanding anything contained in the Wage-Earner Development Bond Rules, 1981 (Amended up to 23 May, 2015); The U.S. Dollar Premium Bond Rules, 2002 (Amended up to 30 June 2012) and U.S. Dollar Investment Bond Rules, 2002 (Amended up to 30 June 2012) regarding the upper limit of investment, the Government has determined the upper limit of combined investment against Wage-Earner Development Bond, U.S. Dollar Premium Bond and U.S. Dollar Investment Bond as foreign currency equivalent to 1 (one) crore Taka.

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 Nishu) Senior Assistant Secretary

No. 08.00.0000.041.22.017.16.79/1(15) Date: 18 Agrahayan 1427 03 December 2020

Copies are forwarded for 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 / Financial Institutions Division, Ministry of Finance, Dhaka.
4. Secretary, Ministry of Posts and Telecommunications / Ministry of Information, Bangladesh Secretariat, Dhaka.
5. Director General, Bangladesh Post Office, Department of Posts, Dhaka.
6. Director General, National Savings Office, Dhaka.
7. General Manager, Debt Management Department, Bangladesh Bank, Head Office, Dhaka.
8. Private Secretary to the Senior Secretary, Internal Resources Division, Ministry of Finance.
9. Deputy Director, Bangladesh Forms and Publications Office, Tejgaon, Dhaka {He is requested to print the notification in the next Gazette and send 1000 (one thousand) copies of said Gazette to the undersigned}.
10. Chief Accounts and Finance Officer, Office of the Chief Accounts and Finance Officer, Internal Resources Division, Segunbagicha, Dhaka.
11. Assistant Programmer, ICT Branch, Internal Resources Division, Dhaka.
12. Personal Officer to the Additional Secretary (Savings), Internal Resources Division, Dhaka.

(Nusrat Jahan Nishu) Senior Assistant Secretary

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

No. 08.00.0000.041.22.017.16.80 Date: 18 Agrahayan 1427 03 December 2020

Notification

The Government repeals Rule 14(4) of the Wage-Earner Development Bond Rules, 1981 (Amended up to 23 May, 2015); Rule 14(4) of The U.S. Dollar Premium Bond Rules, 2002 (Amended up to 30 June 2012) and Rule 14(4) of U.S. Dollar Investment Bond Rules, 2002 (Amended up to 30 June 2012). At the same time, the 2018 Policy on Selection of NRIs as CIP Investors under The Wage-Earner Development Bond Rules, 1981 (Amended up to 23 May, 2015); The U.S. Dollar Premium Bond Rules, 2002 (Amended up to 30 June 2012) and U.S. Dollar Investment Bond Rules, 2002 (Amended up to 30 June 2012) is abolished.

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 Nishu) Senior Assistant Secretary

No. 08.00.0000.041.22.017.16.80/1(15) Date: 18 Agrahayan 1427 03 December 2020

Copies are forwarded for 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 / Financial Institutions Division, Ministry of Finance, Dhaka.
4. Secretary, Ministry of Posts and Telecommunications / Ministry of Information, Bangladesh Secretariat, Dhaka.
5. Director General, Bangladesh Post Office, Department of Posts, Dhaka.
6. Director General, National Savings Office, Dhaka.
7. General Manager, Debt Management Department, Bangladesh Bank, Head Office, Dhaka.
8. Private Secretary to the Senior Secretary, Internal Resources Division, Ministry of Finance.
9. Deputy Director, Bangladesh Forms and Publications Office, Tejgaon, Dhaka {He is requested to print the notification in the next Gazette and send 1000 (one thousand) copies of said Gazette to the undersigned}.
10. Chief Accounts and Finance Officer, Office of the Chief Accounts and Finance Officer, Internal Resources Division, Segunbagicha, Dhaka.
11. Assistant Programmer, ICT Branch, Internal Resources Division, Dhaka.
12. Personal Officer to the Additional Secretary (Savings), Internal Resources Division, Dhaka.

(Nusrat Jahan Nishu) Senior Assistant Secretary