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DMD Circular Letter No. 10: Regarding Profit Rate for July-December 2023 in National Savings Schemes

The Department of Monetary Management of Bangladesh Bank issued Circular Letter No. 10/2023 to notify scheduled banks of the Ministry of Finance's gazette notification regarding profit rates for National Savings Schemes. The notification mandates that the interest rates applicable for the January-June 2023 period remain unchanged and continue under the same terms for the July-December 2023 period. This directive, effective from July 1, 2023, requires banks to implement these rates for investments made during the specified timeframe.

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

Department of Monetary Management

Date: 22 Asharh 1433 06 July 2023

DMD Circular Letter No. 10/2023

Managing Director/Chief Executive Officer All Scheduled Banks operating in Bangladesh

Dear Sir,

Regarding the profit rate for Savings Schemes.

In this regard, the Gazette Notification No. 08.00.0000.041.22.0006.20.93 dated 02 July 2023, issued by the Internal Resources Division of the Ministry of Finance of the Government of the People's Republic of Bangladesh, concerning the profit rate for investment during the July-December 2023 period for National Savings Schemes, is enclosed herewith for your information and necessary action. This order will be effective from 01 July 2023.

Yours faithfully,

(Intekhabul Hossain) Director (DMD) Phone: 9530131

Attachment: As described.

Phone: 88-02-9550448, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530479, Web: www.bb.org.bd


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

Date: 18 Asharh 1433 Bangabda 02 July 2023 AD

Number: 08.00.0000.041.22.0006.20.93

Gazette Notification

The interest rate that was in effect for the January-June 2023 period for National Savings Schemes will remain the same and continue under the same terms and conditions for the upcoming July-December 2023 period.

  1. This order, issued in the public interest, will be effective from 01 July 2023.

By order of the President,

(Signature) 02-07-2023 Md. Mobarok Hossain Assistant Secretary Email: savings.ird@gmail.com

Number: 08.00.0000.041.22.0006.20.93/(15)

Date: 18 Asharh 1433 Bangabda 02 July 2023 AD

Copies are sent for information/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. Secretary, Finance Division, Ministry of Finance, Bangladesh Secretariat, Dhaka.
  4. Secretary, Financial Institutions Division, Ministry of Finance, Bangladesh Secretariat, Dhaka.
  5. Secretary, Ministry of Information, Bangladesh Secretariat, Dhaka.
  6. Secretary, Post and Telecommunications Division, Bangladesh Secretariat, Dhaka.
  7. Director General, National Savings Directorate, Dhaka.
  8. Director General, Bangladesh Post Office, Dhaka.
  9. Director (Additional Secretary), National Programme, Strengthening Public Financial Management Programme to Enable Service Delivery (SPFMS), Finance Division, Ministry of Finance, Dhaka.
  10. Joint Secretary (All), Internal Resources Division, Ministry of Finance, Dhaka.
  11. Director, Department of Monetary Management, Bangladesh Bank, Head Office, Dhaka.
  12. Personal Secretary to the Secretary, Internal Resources Division, Ministry of Finance, Dhaka.
  13. Deputy Director, Bangladesh Forms and Publications Office, Tejgaon, Dhaka (It is requested to print the Gazette Notification in the next Gazette and send 1000 (one thousand) copies of said Gazette to the undersigned).
  14. Chief Accounts and Finance Officer, Office of the Chief Accounts and Finance Officer, Internal Resources Division, Segunbagicha, Dhaka.
  15. Assistant Programmer, ICT Branch, Internal Resources Division, Dhaka (along with request to upload on the website of this division).

(Signature) 02-07-2023 Md. Mobarok Hossain Assistant Secretary