2020-12-20

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DMD Circular Letter No. 10: Amendment of Sanchaypatra Rules & Policy

The Government of Bangladesh sets a maximum combined investment limit of 50 lakh Taka for single names and 1 crore Taka for joint names for three specific savings schemes: 5-year Bangladesh Savings Certificates, 3-month profit-based Savings Certificates, and Family Savings Certificates. This order applies regardless of any previous provisions in the Sanchayapatra Rules, 1977, or the Family Savings Policy, 2009. The order is effective from the date of its issuance.

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

Data Management Department

05 Poush, 1427 Bangla Ref: DMD Circular Letter No- 10 Date: ----------------------- 20 December, 2020

Chief Executive Officers All Scheduled Banks operating in Bangladesh.

Dear Sir,

Regarding the amendment of the National Savings Rules and Policies.

In this regard, the Notification No- 08.00.0000.041.22.003.97 (Part).78 dated 03/12/2020 of the Internal Resources Division, Ministry of Finance, Government of the People's Republic of Bangladesh is being sent herewith for your information and necessary action.

Yours faithfully,

Attachment: 01 (One) page.

(Rup Ratan Pain) 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-1 www.ird.gov.bd

No-08.00.0000.041.22.003.97 (Part).78 Date: 18 Agrahayan 1427 03 December 2020

Notification

Notwithstanding anything contained in the Sanchayapatra Rules, 1977 and the Family Savings Policy, 2009 regarding the upper limit of investment, the Government has determined a maximum combined investment limit of 50 (Fifty) Lakh Taka in a single name or 1 (One) Crore Taka in a joint name against three schemes: 5-year Bangladesh Savings Certificate, 3-month profit-based Savings Certificate, and Family Savings Certificate.

  1. In the public interest, this order is issued. It shall come into force from the date of its issuance.

By Order of the President

Signed/- (Nusrat Jahan Nishu) Senior Assistant Secretary

No-08.00.0000.041.22.003.97 (Part).78/1(15) Date: 18 Agrahayan 1427 03 December 2020

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

  1. Secretary to the President, Secretariat/Chief 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, Data 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 (requested to print 1000 (One Thousand) copies of the said Gazette Notification and send them 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 Staff to the Additional Secretary (Savings), Internal Resources Division, Dhaka.

Signed/- (Nusrat Jahan Nishu) Senior Assistant Secretary

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