Written by The Banking Post
The finance ministry has reduced interest rates on all major National Savings Certificates (NSCs) by 47–57 basis points, effective for new issuances from July 1. This move marks the second biannual adjustment under the market‐driven framework introduced in January.
Certificates issued before July 1 will continue to earn the original rates for their full tenures. Any reinvestment after maturity will adopt the rate prevailing on the date of reinvestment.
Under the revised mechanism, NSC yields are anchored to the weighted average rates of two‐ and five‐year treasury bonds, with a premium of up to 50 basis points. The latest cuts exceed those in place before January’s initial shift.
New vs. Previous NSC Rates (Up to Tk 7.5 Lakh / Above Tk 7.5 Lakh)
| Certificate Type | New Rate (%) | Previous Rate (%) |
|---|---|---|
| Five‐Year Bangladesh Savings | 11.83 / 11.80 | 12.40 / 12.37 |
| Three‐Month Profit‐Bearing | 11.82 / 11.77 | 12.30 / 12.25 |
| Pensioner Savings | 11.98 / 11.80 | 12.55 / 12.37 |
| Family Savings | 11.93 / 11.80 | 12.50 / 12.37 |
| Post Office Savings | 11.82 / 11.77 | 12.30 / 12.25 |
Interest rates for the Wage Earner Development Bond, US Dollar Premium Bond, US Dollar Investment Bond and Post Office Savings Bank General Account remain unchanged under the new notification.
