Dhaka, Jan 15 (V7N) — The Internal Revenue Department (IRD) has announced an increase in interest rates for various savings certificates, effective from January 1, 2025. This adjustment aims to benefit retired government officials and employees, offering them more attractive returns on their investments.

According to the IRD's notification issued today, the profit rates have been increased across five key savings schemes, with the rates now ranging from 12.25% to 12.55%. The schemes include:

  • Family Savings Certificate
  • Five-Year Bangladesh Savings Certificate
  • Quarterly Profit-Based Savings Certificate
  • Pensioner Savings Certificate
  • Post Office Fixed Deposit

New Profit Rates

The revised rates are tiered based on the investment amount:

1. Family Savings Certificate:

Up to Tk 7.5 lakh: 12.50%

Above Tk 7.5 lakh: 12.37%

2. Five-Year Bangladesh Savings Certificate:

Up to Tk 7.5 lakh: 12.40%

Above Tk 7.5 lakh: 12.37%

3. Quarterly Profit-Based Savings Certificate:

Up to Tk 7.5 lakh: 12.30%

Above Tk 7.5 lakh: 12.25%

4. Pensioner Savings Certificate:

Up to Tk 7.5 lakh: 12.55%

Above Tk 7.5 lakh: 12.37%

5. Post Office Fixed Deposit:

Up to Tk 7.5 lakh: 12.30%

Above Tk 7.5 lakh: 12.25%

Terms and Conditions

Fixed Profit Rates: Investors will continue to receive the profit rate applicable at the time of issuance throughout the investment term, even if rates are revised later.

Review Period: The profit rates will be reviewed every six months.

Early Withdrawal: For premature withdrawals, investors can earn between 10.11% and 12.55%, depending on the scheme and duration of investment.

Unchanged Rates: Four schemes—Wage Earner Development Bond, US Dollar Premium Bond, US Dollar Investment Bond, and Post Office Savings Bank General Account—will retain their existing rates.

The Pensioner Savings Certificate offers the highest rate of 12.55% for investments up to Tk 7.5 lakh, reflecting the government’s intent to support retired officials.

These adjustments are expected to provide better financial security to small investors and pensioners while stimulating investment in the National Savings Scheme.

END/MSS/AJ