New guidelines on savings certificates to reduce suffering
September 24, 20241 Min Read

Jumbangla Desk: After the expiry of the savings card, the customers have to go from door to door to withdraw the real money. To be a victim of various harassment. Bangladesh Bank has given new instructions to eliminate this suffering or harassment. From now on, the original money along with the profit must be deposited in the customer's bank on the day of maturity of the savings certificate.

savings account

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

According to the instructions, payment of intimation (cheque confirmation) to the customers like profit or interest period of the savings certificates sold through the National Savings Scheme online management system should be ensured. 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.

In addition, the circular issued on June 20, 2022, instruments under the National Savings Scheme (Savings Papers and Savings Bonds) and other post-sale service instructions must be properly followed. The Central Bank has issued this directive under the authority of Section 45 of the Bank Companies Act, 1991.