Interest rate of Sanchayapatra will be unchanged

According to the Finance Department's Department of Finance and National Savings Directorate, the people who have been given high interest savings certificate for the benefit of the society, the rich also enjoy many benefits. But the government has given the opportunity to restructure the scope for the wealthy, and the government has handled reforms in the savings paper sector.

Finance Minister AHM Mustafa Kamal said in a pre-budget discussion held at the NEC conference room in Agargaon, Dhaka. It is being arranged that only those who have started the savings certificate will be able to invest here.

Mustafa Kamal also indicated that no changes will be made to the interest rate of savings certificate in the next fiscal year. He said, “The way the savings certificate was in the way, did not hand it over, nor would I give it”.

At present, Five years of Paribarik Sanchaypatra is 11.52, Five year term Pensioner Sanchaypatra is 11.76%, Five years term Bangladesh Sanchaypatra is 11.28%, 3 Years Bangladesh Sanchaypatra is 11.04%, 3 Years Post office Sanchaypatra is 11.28%.

Photocopy of National Identity Card and Tax Identification Number (TIN) for Savings Certificate investors is going to mandatory. The bank account number of the depositor, mobile phone number will also be given. In the new system, savings certificates can be bought up to Tk 50,000 in cash. More than that, it will be repaid by cheque. Because of this initiative, black money investors will be identified in this sector.

In the next fiscal year, the savings certificate or Sanchaypatra selling will be automated and principal & interest amount of saving certificate will go bank account directly from 1^st july’2019.

See the Circular of Interest Rate: Click Here
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The government has tried to control all the tenders in the Sanchaypatra

General investors are intends to buy Sanchaypatra as a safe investment due to lower interest rate & financial scandal in banking. Government takes initiatives to tighten to sell Sanchaypatra due to increase buyer. As part of these initiatives, government cancel manual sells of all types Sanchaypatra and start online sell from Govt & private commercial bank. As per instruction form finance ministry, online sell will be start from 1^st July’2019. E-tin is mandatory for 1 Lakh and above Sanchaypatra investment. NID & mobile number is also mandatory for opening Sanchaypatra. Principle & interest of Sanchaypatra investment will go to customer’s bank account directly.

Governments are trying to stop black money investment in Sanchaypatra. In order to achieve this goal, online selling of Sanchaypatra is mandatorily required.

In 10^th May of 2015 government reduced 2% interest from all types of Sanchaypatra. In spite of these, selling of Sanchaypatra doesn’t decrease. Its increases day by day. It seems that black money is entered into these investment facilities. Govt hunch If Sanchaypatra selling is going online it will be easier to track the real investor in this sector. People are buying Sanchaypatra by anonymously to avoid proper income tax and get the maximum facility from Sanchaypatra investment.

Presently one person can buy maximum 45 Lakh taka in Paribarik Sanchaypatra by one name and one can buy maximum 30 Lakh taka in 3 months interest bearing Sanchaypatra by one name but can invest jointly maximum 60 Lakh taka.

Prize bond in Bangladesh

Prize bond in Bangladesh

Prize Bond a public savings scheme, was introduced by the government of Bangladesh in 1974 with a view to mobilizing domestic resources and providing incentive to the small savers. The bonds issued so far under this scheme are 'bearer' in nature and as such the holders are treated as the owners of the bonds. These bonds are in fact government debt and on behalf of the government, bangladesh bank is responsible for entire management of the scheme. Prize bonds do not bear any interest. But there is a system of regular prize draw with a certain period of intervals and on the basis of the results the prizes are given as per the rules set for bonds concerned.
  

Presently the Govt. of Bangladesh, in order to encourage savings, is offering prize bonds with face value of Tk.100 each. Any Bangladeshi including children can buy any amount of bonds. Only that Prize bond whose date of issuance is at least 60 days prior to the draw date is eligible for draw. You can purchase and sell prize bonds at any branch of any Bank and Post Offices. To claim the prize you need to fill up an application form available at any bank or post office. You should address the General Manager respective branch in the Bangladesh Bank. The valid time period for claiming a particular prize after a draw is 2 years. Each series has 1000000 prize bonds and there are about 26 series. If a prize bond number wins, all prize bonds having that number in every series also win.

Prize Bond draw held as below manner:

31st January, 30th April, 30th July, and 31st October each year.

Prize Bond Claim Form:     Please Click Here

Can you check your prizewinning prize bond Number?     Please Click Here