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.

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