Customers from now on can withdraw money from a savings certificate after a day of maturity.
The customers of saving certificates have to go from door to door to withdraw the principal amount of the money. They become a victim of various harassment. Bangladesh Bank (BB) has given new instructions to eliminate this suffering.
From now on, the principal amount along with the profit must be deposited in the customer's bank on the day of maturity of the savings certificate.
The Debt Management Department of BB issued instructions in this regard on Tuesday and sent it to the top executives of banks for immediate execution.
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 the EFT service of the central bank based on 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, said Bangladesh Bank.