Sanchayapatra rates in Bangladesh

Sanchayapatra (also called savings certificates; savings instruments) are widely regarded as risk-free investments because they are backed by Government of the People’s Republic of Bangladesh. It is by far the most preferred investment for the low and middle-income households. Its popularity is partly due to the fact that they are secure and offer higher rates of interest than bank deposits do. At present the banks offer a very low interest rate due to government cut on interest on savings tools. Consequently, the people of Bangladesh are now frequently adopting Sanchayapatra since the other options are not as profitable as Sanchayapatra. Although through its May 23, 2015 gazette, the government reduced the interest rate of most Sanchayapatra by up to two percentage points, the popularity of choosing Sanchayapatra hasn’t diminished yet. At present there are four different schemes of Sanchayapatra:

Sl #	Name of Scheme	Maturity	Limit	Interest rate	Investors
	Five-year Poribar Sanchayapatra.	5 years	Singly: Tk. 45 Lac	Interest payable after: 1st year @ 9.50%, 2nd year @ 10.00%, 3rd year @ 10.50%, 4th year @ 11.00%. on Maturity @ 11.52%	(1) Any adult Bangladeshi female. (2) any Bangladeshi physically challenged male or female. (3) any Bangladeshi male or female above 65 years. * National ID Card Holder
	Five-year Pensioner Sanchayapatra.	5 Years	Singly: Tk. 50 Lac	Interest payable after: 1st year @ 9.70%, 2nd year @ 10.15%, 3rd year @ 10.65%, 4th year @ 11.20%. on Maturity @ 11.76%	(1) Retired Govt., Semi-Govt, Autonomous, Semi-Autonomous officials. (2) Retired justices of the Supreme Court. (3) Retired members of the Army. (4) Spouse and children of the deceased pensioner. * National ID Card Holder
	Three-year Sanchaypatra paying quarterly profits.	3 Years	Singly: Tk. 30 Lac Jointly: Tk. 60 Lac	Interest payable after: 1st year @ 1.00%, 2nd year @ 10.50%, on Maturity @ 11.04%	All classes of people * National ID Card Holder
	Five-year Bangladesh Sanchayapatra.	5 Years	Singly: 30 Lac Jointly: 60 Lac Organization: Unlimited	Interest payable after: 1st year @ 9.35%, 2nd year @ 9.80%, 3rd year @ 10.25%, 4th year @ 10.75%. on Maturity @ 11.28%	All classes of people * National ID Card Holder

Any Bangladeshi citizen can buy the appropriate Sanchayapatra conforming to the rules and regulations imposed by the government. Please visit the homepage of Department of National Savings to have detail idea on eligibility and other requirements. If you are eligible then you can buy the desired one by applying through the under mentioned forms:

1. Five-year Poribar Sanchayapatra.
2. Five-year Pensioner Sanchayapatra.
3. Three-year Sanchaypatra paying quarterly profits.
4. Five-year Bangladesh Sanchayapatra.

Last but not least Sanchayapatra could be bought from any branches of Bangladesh Bank, all scheduled banks, post office, and from the Department of National Savings as well.

Sanchayapatra interest rate details with key features

1.       Name of Schemes: 5 years Bangladesh Sanchayapatra

Maturity: 5-Year

Limit: Single: 30 lac; Jointly: 60 lac; Recognized Provident Fund: Unlimited; 12 small enterprises: Unlimited

Interest Payable: 13.19% on Maturity (12.20%+0.99%)

                          Interest payable after:  1st year @ 9.20%

 2nd year @ 9.95%

3rd year @ 10.70%

 4th year @ 11.45%

Tax Treatment: 5% on profit

Investors: All classes of people (National ID Card Holder), Recognized Provident Fund &12 small enterprises

Penalty: Encashment before 1st year no interest accrued

Implementing agency: Bank, Bureau & Post office.

2.         Name of Schemes: 3-Monthly Profit basis Sanchayapatra

Maturity: 3-Year

Limit: Single: 30 lac; Jointly: 60 lac;

Interest Payable: 12.59% on Maturity (11.80%+0.59%)

                          Interest payable after:  1st year @ 9.80%

2nd year @ 10.80%

Tax Treatment: 5% on profit

Investors: All classes of people (National ID Card Holder). 

Penalty: Encashment before 1st year no interest accrued

Implementing agency: Bank, Bureau & Post office.

3.   Name of Schemes: Pensioner Sanchayapatra

Maturity: 5-Year

Limit: Single: 50 lac;

Interest Payable: 13.19% on Maturity (12.20%+0.99%)

                          Interest payable after:  1st year @ 9.20%,

2nd year @ 9.95%,

3rd year @ 10.70%,

4th year @ 11.45%.

Tax Treatment: 5% on profit

Investors: Retired Govt., Semi-Govt, Autonomous, Semi-Autonomous officials.

Penalty: Encashment before 1st year no interest accrued

Implementing agency: Bank, Bureau & Post office.

4.   Name of Schemes: Poribar Sanchayapatra

Maturity: 5-Year

Limit: Single: 45 lac;

Interest Payable: 13.45% on Maturity(12.20%+1.25%)

Interest payable after:   1st year @ 9.20%

2nd year @ 9.95%

3rd year @ 10.70%

4th year @ 11.45%

                       

Tax Treatment: 5% on profit

Investors: Any Adult Bangladeshi Female (NID Holder)

Penalty: Encashment before 1st year no interest accrued

Implementing agency: Bank, Bureau & Post office.

5.   Name of Schemes: Bangladesh Prize Bond

Maturity: 3-Month

Limit: Unlimited

Interest Payable: 6.50%                     

Tax Treatment: 20% on prize money

Investors: Any persons

Penalty: N/A

Implementing agency: Bank, Bureau & Post office.

6.   Name of Schemes: Wage Earner Development Bond 

Maturity: 5-Year

Limit: Unlimited

Interest Payable: 11.80% (Compound)(11.00%+0.80%)

Tax Treatment: 5% on Profit

Investors: A Bangladeshi wage earner serving abroad.

Penalty: No profit will be paid before 6-month.

Implementing agency: Bank

7.   Name of Schemes: US Dollar Premium Bond

Maturity: 3-Year

Limit: Unlimited

Interest Payable: 7.50% on Maturity

Interest payable after:   1st year @ 6.50%

                                                2nd year @ 7.00%

Tax Treatment: Tax free

Investors: Non-Residence Bangladeshi FC Account holder

Penalty: No profit is payable before 1 year.

Implementing agency: Bank

8.   Name of Schemes: US Dollar  Investment  Bond

Maturity: 3-Year

Limit: Unlimited

Interest Payable: 6.50% on Maturity

Interest payable after:   1st year @ 5.50%

2nd year @ 6.00%

Tax Treatment: Tax free

Investors: Non-Residence Bangladeshi FC Account holder

Penalty: No profit is payable before 1 year.

Implementing agency: Bank

9.   Name of Schemes: Post office Savings Bank-Ordinary A/C

Maturity: 3-Year

Limit: Single 30 lac; Jointly 60 lac

Interest Payable: 7.50%

Tax Treatment: 10% on profit

Investors: All classes of people(National ID Card Holder)

Penalty: No profit will be paid before 1-month

Implementing agency: Post Office

10.     Name of Schemes: Post office Savings Bank-Fixed Deposit

Maturity: 3-Year

Limit: Single 30 lac; Jointly 60 lac

Interest Payable: 13.24% on Maturity(12.40%+0.84%)

            Interest payable after: 1st year @ 10.40%

          2nd year @ 11.40%

Tax Treatment: 10% on profit

Investors: All classes of people (National ID Card Holder)

Penalty: No profit will be paid before 6-month

Implementing agency: Post Office

11.     Name of Schemes: Postal Life Insurance:

a)       Whole Life Insurance: Minimum limit of Investment Tk. 1,000/= 

        Interest Rate: Tk.42 per Thousand @ Yearly 4.2%

        Tax free

        All classes of people (Age limit 19 to 55 Yrs)

        Post Office

b)      Fixed Term Insurance: Minimum limit of Investment Tk. 1,000/= 

        Interest Rate: Tk.33 per Thousand.@ Yearly 3.3%

        Tax free

        All classes of people (Age limit 19 to 55 Yrs)

        Post Office

Interest rate of sanchayapatra Bangladesh

Interest rate of Sanchayapatra of National Savings Department of Bangladesh