Bangladesh cuts interest on bigger investments in savings certificates
Individuals investing greater than Tk 1.5 million in six forms of financial savings certificates will earn much less from their financial savings than others and the revenue will decline additional in case of funding above Tk 3 million.
The finance ministry introduced the readjusted charges on Tuesday with three thresholds amongst 9 financial savings schemes, chopping earnings on six of them for the traders who will purchase financial savings devices value over Tk 1.5 million.
The six are 5-Yr Bangladesh Sanchayapatra, 3-Month-to-month Revenue Bearings, Household Financial savings Certificates, Pensioner Sanchayaptra, Put up Workplace Financial savings Financial institution’s Mounted Deposit and Wage Earner Improvement Bond.
The new rates are:
|Up to Tk 1.5m (%)||Over Tk 1.5m-Tk 3m (%)||Over Tk 3m (%)|
|Family Savings Certificates||11.25||10.5||9.5|
|5 Years Bangladesh Sanchayapatra||11.28||10.3||9.3|
|3-Monthly Profit Bearings||11.04||10||9|
|Fixed Deposit at Post Office||11.28||10.3||9.3|
|Wage Earner Development Bond||11.2||10.27||8.4|