Regulatory Alerts2024-10-14
Added
DMD Circular No. 02: Regarding fixation of fees/charges against service of govt. securities.
The document fixes maximum fees for specific government securities services, including opening a PIDs account, participating in primary auctions, secondary trading, annual account maintenance, and income tax certificates, with different caps for individual and institutional investors. It explicitly prohibits the imposition of any fees for other related services such as profit/coupon/principal payment, allotment/holding reports, and PID locking. These fee structures and prohibitions take immediate effect for all scheduled banks and financial institutions operating in Bangladesh.
50119
Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.
Data Management Department
29 Ashwin, 1431 Date: -------------------- 14 October, 2024
DMD Circular No-02
Managing Director/Chief Executive All Scheduled Banks and Financial Institutions operating in Bangladesh.
Dear Sir,
Regarding the fixation of various fees/charges for providing investment services in Government Securities.
Considering the interests of banks and financial institutions providing customer services related to investment in Government Securities (Treasury Bills and Bonds) and investors, the following fees/charges are fixed for providing various related services:
| S.No. | Type of Service | Amount of Fee/Charge (VAT Included) (in Taka) |
|---|---|---|
| Individual Investment | ||
| A. | Opening of PIDs (PID opened by Bangladesh Bank for investors of Stock Exchange excluded) | Max 200/- |
| B. | Participation in Primary Auction (for each successful bid) | Max 200/- |
| C. | Secondary Trading (FMI) | 100/- per transaction |
| D. | Annual (Fiscal Year) PID Maintenance | Max 200/- |
| E. | Income Tax Certificate | One certificate free per year, Max 200/- for each subsequent additional certificate |
-
Except for the aforementioned fees/charges, no type of fee/charge shall be levied for providing other services related to Government Securities (e.g., payment of profit/coupon/principal, Allotment/Holding Report, PID locking, etc.).
-
This directive shall take effect immediately.
Yours faithfully,
(Intekhum Hossain) Director (DMD) Phone: 9530131
Phone: 88-02-9550448, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530479, www.bb.org.bd