National Savings Certificate

Different types of savings schemes are being conducted by National Savings Department, Bangladesh under the supervision of Internal Resources Division of the Ministry of Finance of the Government of Bangladesh. Every financial year, the profit margins of these schemes are declared; 5% source tax is cut off from the profit margin.

 

There are various types of National Savings Certificates; the remarkable ones are as follows:

  • Family Savings Certificate(5-year scheme):
  • Pensioner’s Savings Certificate (5-year scheme):
  • Quarterly profit-based Savings Certificate (3-year scheme):
  • Bangladesh Savings Certificate (5-year scheme):
  • Wage Earner’s Development Bond(5-year scheme)
  •  

 

  • Family Savings Certificate(5-year scheme):

 

  • 12.5% profit is given after the scheme is over.
  • One can withdraw a profit of tk960/month for a scheme worth tk100000 if the duration is uninterrupted.
  • If you en-cash the deposit before the completion of its duration, you will get profit like as follows:

 

  • If you en-cash after 1 year, you will get 8% profit.
  • If you en-cash after 2 years, the profit  will be 8.75%
  •  If you en-cash after 3 years, you will get 9.50% profit.
  •  If you en-cash after 4 years, you will get 10.25% profit.

 

  • Any adult woman (above 18) can invest maximum tk4500000 in a single name.

 

  • Pensioner’s Savings Certificate (5-year scheme):

 

  • 11.81% profit is offered if the duration of the scheme is completed.
  • One can withdraw an amount of tk2815 after every 3-month period if he/she deposits minimum tk100000 for a –year scheme.
  • If you en-cash the deposit before the completion of its duration, you will get profit like as follows:
  • If you en-cash after 1 year, you will get 8% profit.
  • If you en-cash after 2 years, the profit  will be 8.75%
  •  If you en-cash after 3 years, you will get 9.50% profit.
  •  If you en-cash after 4 years, you will get 10.25% profit.
  •  
  • Any adult woman (above 18) can invest maximum tk4500000 in a single name.

 

  • Quarterly profit-based Savings Certificate (3-year scheme):

 

  • 12.78 % profit is offered after completion of the scheme duration.
  • One can withdraw an amount of tk2565 after every 3-month period if he/she deposits minimum tk100000 for a –year scheme.
  • If you en-cash the deposit before the completion of its duration, you will get profit like as follows:

 

  • If you en-cash after 1 year, you will get 8.40% profit.
  • If you en-cash after 2 years, the profit  will be 9.40%

 

  • Bangladesh Savings Certificate (5-year scheme):

 

  • 12.78 % profit is offered after completion of the scheme duration.
  • If you en-cash the deposit before the completion of its duration, you will get profit like as follows:
  • If you en-cash after 1 year, you will get 8% profit.
  • If you en-cash after 2 years, the profit  will be 8.75%
  •  If you en-cash after 3 years, you will get 9.50% profit.
  •  If you en-cash after 4 years, you will get 10.25% profit.
  • You will get automatic re-saving facility in this scheme.

 

  • Wage Earner’s Development Bond(5-year scheme):

 

  • 11.81% profit is offered if the duration of the scheme is completed (as compound interest)
  • The expatriate Bangladehis or their beneficiaries in Bangladesh can purchase this bond through an FC A/C.

 

As mentioned earlier, in each case 5% source tax will be cut off by the Authority.

For more information on this article or other goods or services of Dhaka city please check our BANGLA VERSION
 
 
how-to-lose-your-belly-fat
guide-to-lose-weight
hair-loss-and-treatment
how-to-flatten-stomach
fat-burning-foods-and-workouts
TOEFL
Best Restaurant in Dhaka - Cusine wise
Notre Dame College
Banarasi Polli
Selected Articles