United News of Bangladesh

The Bangladesh government has introduced a notable increase in the interest rates for the National Savings Certificate (Sanchayapatra). Effective January 1, 2025, this adjustment reflects a significant rise across all schemes, offering improved returns compared to previous rates. Moreover, the annual rates applied from the starting year of the term until maturity have also been revised upward. Let's go over the updated profit rates each scheme offers in detail. Updated Interest Rates of National Savings Certificate: Scheme-wise Breakdown of Sanchayapatra Two different investment ranges have been announced for the payment of profit of the National Savings Scheme. First Investment Category: Up to BDT 7.5 lakh Second Investment Category: Exceeding BDT 7.5 lakh The yield rate for the second category is lower than that of the first, but both categories reflect an increase in contrast to earlier rates. These rates will be reviewed every six months based on the average interest rates of 5-year and 2-year treasury bonds. Read more: Sanchayapatra at Maturity: Encashment or Renewal of Bangladesh’s National Savings Certificate Below is a detailed breakdown of the returns for various schemes under the Government Savings Service: Table: Revised return rates for Savings Certificate in 2025 Year-End Profit Rates for Investments per BDT One Lakh (In Percentage) Investment Amount (In BDT) Time Pensioner Scheme (5-year Term) Family Scheme (5-year Term) Bangladesh Saving Scheme (5-year Term) 3-month Profit-based Scheme (3-year Term) Postal Savings Bank Fixed Deposit (3-year Term) Up to 7.5 Lakh 1st Year 10.23 10.20 10.13 11.04 11.04 2nd Year 10.75 10.72 10.64 11.65 11.65 3rd Year 11.31 11.28 11.19 12.30 12.30 4th Year 11.91 11.87 11.78     5th Year 12.55 12.50 12.40     More Than 7.5 Lakh 1st Year 10.11 10.11 10.11 11 11 2nd Year 10.62 10.62 10.62 11.61 11.61 3rd Year 11.17 11.17 11.17 12.25 12.25 4th Year 11.75 11.75 11.75     5th Year 12.37 12.37 12.37     Read more: What to Consider Before Taking a Personal Loan from a Bangladeshi Bank Pensioner Scheme Under this scheme, individuals investing amounts reaching BDT 7.5 lakh in cash before maturity will earn an interest starting at 10.23 percent by the end of the first year. The rate increases to 10.75 percent in the second year, followed by 11.31 percent in the third year and 11.91 percent in the fourth year. Upon maturity after five years, the maximum yield rate of 12.55 percent will be achieved, the highest return currently applicable. For investments exceeding BDT 7.5 lakh, the yield percentage for year one will stand at 10.11, representing the lowest return under the revised system. The rate will increase to 10.62 percent in the second year, 11.17 percent in the third year, and 11.75 in the fourth year. By the fifth year, this rate will peak at 12.37 percent upon completion of the term. Family Scheme Investors committing funds equivalent to BDT 7.5 lakh can achieve a return of 12.5 percent upon maturity of this savings certificate. For withdrawals before maturity, the profit rate begins at 10.20 percent at the end of the first year. The payout rate will extend to 10.72 percent in the second year, 11.28 percent in the third year, and 11.87 percent in the fourth year. Read more: Buying US Dollar Investment Bonds: A Comprehensive Guide for NRBs For those with investments surpassing BDT 7.5 lakh, the profit rate starts at 10.11 percent for the beginning year. It progresses to 10.62 percent in the second year, climbs further to 11.17 percent in year three, and rises to 11.75 percent in the fourth. If the full five-year term is completed, the profit percentage will reach 12.37. Bangladesh Saving Scheme For this type of savings certificate, the payout rate upon maturity for investments capped at BDT 7.5 lakh is 12.40 percent. If maturity is not reached, the interest will be yielded at the percentage of 10.13 for the starting year, 10.64 in the second year, 11.19 in the third year, and 11.78 in the fourth year. Investors allocating amounts beyond BDT 7.5 lakh will earn a first-year earning rate of 10.11 percent in case of early withdrawal. This grows to 10.62 percent in the second year, reaches 11.17 percent by the third, and advances to 11.75 percent in the fourth year. For investments held to maturity after five years, the payout rate will reach 12.37 percent. Read more: How to Invest in Bonds: A Comprehensive Guide 3-month Profit-based Scheme Investments capped at BDT 7.5 lakh in this savings scheme will yield a return of 12.30 percent upon completion of the term. The yield rate on this 3-year savings certificate for withdrawals before maturity will be 11.04 percent in the first year and 11.65 percent in the second year. In contrast, for investments exceeding BDT 7.5 lakh, an early withdrawal after the opening year will result in an earning rate of 11 percent. This increases to 11.61 percent in the second year. If the full term is completed, the interest yielded will be 12.25 percent. Postal Savings Bank Fixed Deposit Outside the above four main schemes, the return rate for both investment ranges (up to BDT 7.5 lakh and more) in postal savings mirrors the interest percentages of the 3-month profit-based scheme. Read more: Top 10 Strongest Currencies in the World  Who Benefits from the New Interest Rates? The increased return rates of Sanchayapatra across all schemes benefit a broad spectrum of investors. Consequently, individuals purchasing savings certificates from January 2025 will benefit from this revised and enhanced profit structure. Summary The updated profit rates for Bangladesh National Savings Certificate in 2025 have enhanced returns across the revised investment ranges. Investments in Sanchayapatra up to BDT 7.5 lakh now yield a minimum of 12.30 percent in two 3-year maturity systems. The pensioner savings system offers a maximum return of 12.55 percent for investments amounting to BDT 7.5 lakh. For investing more than BDT 7.5 lakh in Sanchayapatra, the highest return is 12.37 percent in 5-year schemes, while the lowest, 12.25 percent, applies to 3-year schemes under the modified savings structure. Read more: How to Buy Bangladesh Government Treasury Bond: Everything You Need to Know

Shanchayapatra or national savings certificate has long served as a reliable saving scheme, providing a dependable path toward financial stability for the people of Bangladesh. Upon reaching maturity, some holders may find it necessary to withdraw their funds, whether for personal expenses, medical needs, or investment opportunities. For others, however, the renewal option of their Sanchayapatra offers a chance to continue growing their savings. Let’s explore what steps to take when it reaches maturity. Sanchayapatra Encashment Process Completing the encashment of Sanchayapatra typically requires around 2 to 3 business days after maturity depending on the issuing bank. For certain banks, processing may even take a few additional days. Each bank maintains its unique form to carry out the process. The first step in withdrawing funds is to fill out a form. After completing it, the form must be manually signed and submitted to the branch of the bank from where the Sanchayapatra was purchased. Read more: Buying US Dollar Investment Bonds: A Comprehensive Guide for NRBs If the investor cannot appear at the bank or sign the form due to physical limitations, a nominee can carry out the procedure on his/her behalf. In such cases, the investor must provide a medical certificate that verifies their physical condition. In addition to the investor, the nominee may withdraw only the profit earned from the Sanchayapatra. However, this requires explicit written authorization from the investor, including their signature and a discharge of the profit coupon. The initial deposit value, however, cannot be accessed solely through an authorization letter or permit. For Sanchayapatra purchased online, this procedure becomes much simpler. This online context refers to the National Savings Scheme Online Management System. In this regard, Bangladesh Bank recently issued directives to all its branches and scheduled banks. The principal of Sanchayapatra bought via the system will be credited directly to the investor’s account upon the exact day of maturity. Read more: How to Buy Bangladesh Government Treasury Bond: Everything You Need to Know Additionally, any profits will be transferred in installments on schedule. All transactions will be processed through the Electronic Fund Transfer (EFT) system. It means neither the investor nor their nominee will need to visit the bank to receive the profits or maturity value. Sanchayapatra Renewal Process With the automation of the new system, paperwork-related complications are set to reduce significantly. Here are the updated renewal guidelines for Sanchayapatra as per the directives of Bangladesh Bank: - For Family Sanchayapatra, Three-Month Profit-Based Sanchayapatra, and Pensioner Sanchayapatra, only the original invested amount will be automatically reinvested.- For five-year Sanchayapatra and Post Office Sanchayapatra, both the principal and the profits will be automatically reinvested. Read more: Investment: What Factors to Consider before Investing Money? In these cases, the maximum investment limit will be applied from the date of reinvestment.Profits from Pensioner Sanchayapatra will now be disbursed monthly rather than quarterly. In a Nutshell The recent advancements in Shanchayapatra’s encashment and renewal processes offer a streamlined, hassle-free experience. By utilizing the National Savings Scheme's online management system, investors gain seamless access to renew or encash Sanchayapatra. Thanks to the EFT system, funds are deposited directly into the account on maturity day, eliminating the need for in-person visits or form submissions. With automatic renewal options, holders can effortlessly reinvest, avoiding administrative delays and potential complications. Together, these improvements ensure a smoother, more accessible experience for all Sanchayapatra holders. Read more: Is Sanchayapatra a Good Investment Read more: How to Buy Sanchayapatra in Bangladesh: A Beginner's Guide