The government has canceled the decision to reduce the profit rate of savings certificates. As a result, investors will get profit at the previously determined rate for the next six months.
On Sunday (January 4), the Finance Department requested the Internal Revenue Division (IRD) to issue a notification to cancel the new profit rate and maintain the old rate. Now the IRD will issue a notification in this regard.
As a result, the rate at which profit was being given on savings certificates from July 1, 2025 to December 31, 2026 will remain the same rate.
Earlier, in a notification issued on December 28, the profit rate of all types of savings certificates was reduced from January 1, 2026 to June 30, 2026.
This created dissatisfaction among ordinary middle-class and limited-income investors.
In that context, the government has decided to move away from the previous decision and keep the profit rate unchanged.
According to government policies, the rate of return is relatively high for low-investment savings certificates and slightly lower for high-investment savings certificates.
In this case, the investment limit has been set at Tk7.5 lakh. Investments up to this amount are given a higher rate and investments above this amount are given a lower rate.
Family savings certificates are the most popular among the savings certificates under the National Savings Department.
In this, the rate of return at the end of the five-year term for investments of less than Tk7.5 lakh is 11.93% and for investments above Tk7.5 lakh is 11.80%—the same rate remains unchanged.
In pensioner savings certificates, the rate of return at maturity for investments of less than 750,000 taka is 11.98 percent and for investments above this has been kept unchanged at 11.80 percent.
In five-year term Bangladesh savings certificates, the rate of return for investments of less than Tk7.5 lakh is 11.83% and for investments above this remains unchanged at 11.80%.
Apart from this, the profit rate for investments of less than Tk7.5 lakh in profit-based savings certificates every three months is fixed at 11.82% and for investments of more than Tk7.5 lakh, it is fixed at 11.77%.
The customers of savings certificates are mainly middle-class families of the country. Many people rely on the profits to meet expenses by breaking savings certificates during times of danger or to meet a part of their regular household expenses.
The country has been experiencing high inflation for more than two years. Although inflation has decreased slightly in recent months, it is still between 8%-9%. In such a reality, investors have been relieved that the decision to reduce the profit rate of savings certificates has been canceled.
Usually, the profit rate of savings certificates is redetermined every six months.
As a result of the new decision, the profit rate of savings certificates has remained unchanged for about a year.
