Central Bank's new guidelines on savings certificates
September 25, 20241 Min Read

Jumbangla Desk: Customers have to visit the bank door to door to withdraw the capital after the expiry of the savings certificate. Many have to be victims of various harassment. The central bank has given new instructions to relieve the customers from this suffering or harassment. Accordingly, from now on the entire capital along with the profit will have to be deposited in the customer's bank on the day of maturity of the savings certificate.

savings account

On Tuesday (September 24), the Bangladesh Bank's Debt Management Department has issued instructions in this regard.

According to the directive, the profit or interest on the savings certificates sold through the National Savings Scheme Online Management System should be confirmed through checks to the customers on time. At the same time, on the date of maturity of the savings certificate, the principal amount along with the profit should be deposited in favor of the customer through EFT of the central bank on the basis of intimation.

Apart from this, the circular issued on June 20, 2022 for sale of instruments (Savings Papers and Savings Bonds) under National Savings Scheme and other post-sale service instructions shall be duly followed.