The government has lowered the interest rates on key national savings certificates by 47 to 57 basis points, with the revised rates coming into effect from July 1, 2025.
The Ministry of Finance issued a circular on Sunday outlining the new rates for four major savings instruments, including the family savings certificate, pensioner savings certificate, Bangladesh savings certificate, and the three-month profit-bearing savings scheme.
According to the circular:
- The five-year Bangladesh savings certificate will now offer 11.83% for investments up to Tk 7.5 lakh, down from 12.37%.
- The three-month profit-bearing scheme will yield 11.82% at maturity, reduced from 12.30%.
- The family savings certificate rate is now 11.93%, compared to 12.50% earlier.
- The pensioner savings certificate will now earn 11.98%, down from 12.55%.
These revised rates will apply to new investments made on or after July 1, 2025. The government clarified that the reduced rates would be applicable based on a Tk 7.5 lakh investment threshold, taking into account both current and previous investments across multiple schemes.
However, interest rates for the Wage Earner Development Bond, US Dollar Premium Bond, US Dollar Investment Bond, and the Post Office Savings Bank General Account will remain unchanged.
For reinvestments, the rate prevailing on the date of reinvestment will apply. Investments made before July 1 will continue to enjoy the original profit rates throughout their respective tenures.
The finance ministry also announced that savings certificate interest rates will be reviewed every six months, although the prevailing rate at the time of investment will remain fixed for each investor’s term.
LND/SAE
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