Regulatory Alerts2026-07-07
Added · Updated
DMD Circular Letter No. 11: Clarification of Section 33 of the Public Debt Act, 2022 Regarding Savings Certificate Interest Statute of Limitations
The Department of Debt Management of Bangladesh Bank issued Circular Letter No. 11/2026 to clarify the application of the statute of limitations for unpaid interest on savings certificates under Section 33 of the Public Debt Act, 2022. The circular mandates that interest on all specified savings certificates becomes subject to limitation six years after the certificate's maturity date, as the right to claim interest remains valid until maturity. This directive implements clarifications provided by the Ministry of Finance's Internal Resources Division regarding the calculation and validity periods of coupon interest.
Share