Bangladesh post office provides
savings banking facilities to the mass people along with its principal
services. As we know post office has numerous number of branches in root level.
It has branches in every District & Thana level. It is very much easier to
reach mass people for financial inclusion through government post office
channel. I am in doubt that, most of the people don’t know regarding savings banking
facility of post office. It provides lucrative interest rate rather than the
conventional banking. Currently it provides 7.5% simple interest rate for customer’s
savings bank account. One customer can deposit maximum of 30,00,000/= taka in
one name or singly. And maximum 60,00,000/= taka in joint name. It’s also
provides fixed term deposit as below manner:
Can be nominated to one or more person:
Fixed deposit
|
Rate of Profit (%)
|
Rate of SSP (%)
|
Total Rate
of Profit (%)
|
At
the end of 1st year
|
10.40%
|
0.00%
|
10.40%
|
At
the end of 2nd year
|
11.40%
|
0.00%
|
11.40%
|
At
the end of 3rd year
|
12.40%
|
0.84%
|
13.24%
|
If a depositor withdraws profit after every 6 months the
interest rate would be
Fixed deposit
|
Rate of Profit (%)
|
At
the end of 1st year
|
10.00%
|
At
the end of 2nd year
|
10.50%
|
At
the end of 3rd year
|
11.00%
|
***10% source tax will be deducted from profit as per circular.
I strongly believe that if government
takes proper initiative to promote post office saving banking, it will be faster
spread among mass people & government will be achieved financial inclusion
goal rapidly.
05.05.2019
please note that I have collected a Postal Saving Bank form where it says that one can deposit upto 50 Lacs in one name but here it is mantioned only 30 Lacs in one name.
ReplyDeleteOther quary that Govt. had declared that 5 % tax would be deducted from the Profit interest earned but here, it says 10%.
Would you please clarify the matter.
Thank you.
Now in one name it is 30 lacs maxm. that can be deposited.
DeleteWhat is the minimum amount of this system...can you help me by giving reply... Thanks..
DeleteSee the new circular for source tax
ReplyDeletehttps://bd-savings.blogspot.com/2019/07/source-tax-10-percent-on-sanchayapatra.html
Bangladesh Post office fixed deposit scheme Currently has been two higher Investment limit, single name for 30 lacks and joint name for 60 lacks and also deducted 10% sources taxes on net profit as it has been applicated from current fiscal year 2019-2020
ReplyDelete3 years Fixed deposit amount will be expired as on 10.12.2019. But i want to deposit again for 3 years. what can i do now, pls. reply.
ReplyDeleteHow the interest will be paid on 7.5% simple interest rate for customer’s post office savings bank account? I have heard from one of GPO-Dhaka guy that this will be paid once and when a post office savings bank account book is closed after opening, is it true? The guy also said i can deposit and withdraw any amount of money like other bank. It should be paid on monthly/quarterly/half yearly or yearly basis otherwise no one will wait for it until closing then what is the point of keeping money there?
ReplyDeletehttp://www.nationalsavings.gov.bd/site/page/bf010b4e-4eb1-4938-8c25-48f6016938c7/-
AMI 3YEARS MAYADI SONCHOY POTRA KINTE CHAI, KIVABE KINBO?
ReplyDelete