Dhaka: For the first time in the country, the government has introduced market-based interest rates for the five national savings schemes for the period of January to June 2025. To this end, the Internal Resources Division under the Ministry of Finance today issued a notification, which will come into effect from January 1, 2025.
According to Bangladesh Sangbad Sangstha, through the notification, the government has re-fixed the interest rates of savings certificates. The interest rates of the five savings schemes will be re-fixed twice a year in line with the interest rates of 5-year and 2-year treasury bonds. In a move to provide equity to the underprivileged, National Savings Schemes investors have been re-categorized into two new tiers (up to Tk 7.50 lakh and above Tk 7.50 lakh) instead of the earlier three tiers. Additionally, in case of encashment before the maturity of the investment, the interest will be accrued at the annual rate.
Under the new adjustment, investors with up to Tk 7.5 lakh in the five-year Bangladesh Savings Certificate will receive an interest rate of 12.40 percent, while investments exceeding this amount will have a rate of 12.37 percent. For the three-year Quarterly Profit Savings Certificate, the interest rate is set at 12.30 percent for investments up to Tk 7.5 lakh, and 12.25 percent for those exceeding the amount.
The five-year Pensioner Savings Certificate offers an interest rate of 12.55 percent for investments up to Tk 7.5 lakh, and 12.37 percent for larger investments. Similarly, the five-year Family Savings Certificate provides a rate of 12.50 percent for investments up to Tk 7.5 lakh, while investments exceeding this threshold will earn 12.37 percent. Lastly, for the three-year Post Office Fixed Deposit, the interest rate is 12.30 percent for investments up to Tk 7.5 lakh, and 12.25 percent for amounts above it.