The government has decided to keep the yield rates for all categories of National Savings Certificates (Sanchayapatras) unchanged for the next six months.
This policy extension preserves current return thresholds across retail brackets, with the Ministry of Finance expected to issue an official gazette notification shortly.
Under established financial rules, savings certificate yield rates undergo a mandatory review every six months to align returns with prevailing market dynamics and government treasury bond yields.
Despite shifting macroeconomic conditions, the administration has opted to hold rates steady, mirroring a similar non-alteration policy enacted in January 2026.
The rate preservation reflects a conscious policy decision to protect middle-class families and retirees who rely on monthly Sanchayapatra returns to cover basic living costs.
Finance Minister Amir Khasru Mahmud Chowdhury stated that while a downward rate correction could have saved the public exchequer nearly Tk2,000 crore in interest payouts, the government decided against the cut due to current social realities.
This holds the line on a previous market-linked adjustment implemented on July 1, 2025, by the Internal Resources Division (IRD), which had slightly tapered yields and introduced the biannual review framework.
The existing tier architecture favors smaller retail savers, offering peak returns for investments up to Tk7.50 lakh, while applying slightly reduced yield slabs for higher investment accumulations.
Alongside the rate freeze, the FY27 budget introduces an important structural update to how savings certificate returns are taxed.
The mandatory 10% Source Tax (Advance Income Tax) deducted at payout will no longer be treated as a final tax liability.
Under the new rules, taxpayers can reconcile this source deduction against their actual calculated income tax liabilities at the end of the fiscal year.
Small-scale investors who fall below the taxable income threshold can now claim a full refund of any excess tax withheld.
Because a Taxpayer Identification Number (TIN) remains mandatory for all Sanchayapatra purchases above Tk10 lakh, zero-tax savers must file a formal income tax return including their bank details to claim their money back.
The government has committed to processing and electronic bank transfer of these approved tax refunds within a strict 120-day verification window.
