The government has issued a gazette notification reducing profit rates on savings schemes operated under the National Savings Directorate. 

Under the revised structure, profit rates now range from 10.59 per cent to 8.74 per cent, depending on the type of scheme.

The notification was issued on Thursday (1 January) by the Internal Resources Division (IRD) of the Ministry of Finance and has come into effect from the same day.

According to the notification, profit rates have been re-determined for five national savings instruments: five-year Bangladesh Savings Certificate, three-monthly profit-based Savings Certificate, Pensioner Savings Certificate, Family Savings Certificate, and Post Office Fixed Deposit accounts.

Under the new arrangement, investors have been categorised into two tiers—those investing up to Tk 7.5 lakh and those investing more than Tk 7.5 lakh.

Family Savings Certificate

The Family Savings Certificate remains the most popular instrument under the National Savings Directorate. Following the reduction, investors with less than Tk 7.5 lakh will receive a profit rate of 10.54 per cent at maturity, while those investing more than Tk 7.5 lakh will earn 10.41 per cent.

For early encashment, first-tier investors will receive profits at 8.83 per cent in the first year, 9.23 per cent in the second year, 9.64 per cent in the third year, 10.08 per cent in the fourth year, and 10.54 per cent in the fifth year.

Second-tier investors will receive 8.74 per cent in the first year, 9.12 per cent in the second year, 9.53 per cent in the third year, 9.96 per cent in the fourth year, and 10.41 per cent in the fifth year in case of premature encashment.

Three-Monthly Profit-Based Savings Certificate

For investments below Tk 7.5 lakh, the profit rate at maturity has been set at 10.48 per cent, while investments exceeding Tk 7.5 lakh will earn 10.43 per cent.

In the event of early encashment, first-tier investors will earn 9.54 per cent in the first year, 10 per cent in the second year, and 10.48 per cent in the third year. Second-tier investors will receive 9.50 per cent, 9.95 per cent, and 10.43 per cent for the first, second, and third years respectively.

Five-Year Bangladesh Savings Certificate

Profit rates for the five-year Bangladesh Savings Certificate have also been reduced. Investments below Tk 7.5 lakh will now yield 10.44 per cent, while higher investments will earn 10.41 per cent at maturity.

For early encashment, first-tier investors will receive 8.76 per cent in the first year, 9.15 per cent in the second year, 9.55 per cent in the third year, 9.98 per cent in the fourth year, and 10.44 per cent in the fifth year.

Second-tier investors will receive 8.74 per cent, 9.12 per cent, 9.53 per cent, 9.96 per cent, and 10.41 per cent respectively from the first to the fifth year.

Pensioner Savings Certificate

For the five-year Pensioner Savings Certificate, the profit rate at maturity has been fixed at 10.59 per cent for investments below Tk 7.5 lakh and 10.41 per cent for investments above that threshold.

In case of premature encashment, first-tier investors will earn 8.87 per cent in the first year, 9.26 per cent in the second year, 9.68 per cent in the third year, 10.12 per cent in the fourth year, and 10.59 per cent in the fifth year.

Second-tier investors will receive 8.74 per cent, 9.12 per cent, 9.53 per cent, 9.96 per cent, and 10.41 per cent respectively.

Post Office Fixed Deposit

Profit rates have also been reduced for Post Office Fixed Deposits. For three-year deposits below Tk 7.5 lakh, the profit rate at maturity is now 10.48 per cent, while deposits exceeding Tk 7.5 lakh will earn 10.43 per cent.

For early encashment, first-tier investors will receive 9.54 per cent in the first year, 10 per cent in the second year, and 10.48 per cent in the third year. Second-tier investors will earn 5.50 per cent in the first year, 9.95 per cent in the second year, and 10.43 per cent in the third year.

The revised rates come as part of the government’s ongoing efforts to realign savings instruments with prevailing market conditions.