3 Monthly profit bearing Sanchayapatra

Introduced: 1998

Denomination: Tk.1,00,000/-, Tk.2,00,000/- & Tk.5,00,000/-.

Implemented by: National Savings Bureaus, Branches of Bangladesh Bank, Schedule Banks & Post Offices.

Duration: 3 Years

Rate of Profit: 12.59% (on maturity).

Table-1: Rate of profit

Time period

Rate of
profit *

SSP**

Total Rate

Payable with profit per Tk.100

On completion of 1st year

9.80%

0.00%

9.80%

109.80

On completion of 2nd year

10.80%

0.00%

10.80%

121.60

On completion of 3rd year

11.80 %

0.79%

12.59 %

137.77

*Profit on which source tax deduction is applicable.
** SSP= Social Security Premium

Table-2: Denomination-wise profit:

Investment
amount (Taka)

3-monthly Profit amount (Taka)

Amount of Profit*

Amount of SSP**

Amount of Total profit

1

2

3

4

a) 1,00,000.00

2,950.00

197.50

3,147.50

b) 2,00,000.00

5,900.00

395.00

6,295.00

c) 5,00,000.00

14,750.00

987.50

15,737.50


*Profit on which source tax deduction is applicable;
**SSP= Social Security Premium
N.B: In case of premature encashment, profit will be paid by yearly basis and the excess paid amount will be adjusted from principal amount.

Other Features:

  • After every three month profit may be drawn.
  • This savings certificate can be purchased by all classes of Bangladeshi People.
  • The maximum limit is Tk.30 lac for single or Tk.60 lac for joint investment.
  • Nominee can be appointed.
  • Duplicate Sanchayapatra may be issued in case of theft, missing or damaged.
  • In case of death of the holder Nominee can encash the Sanchayapatra at any time before maturity or on maturity as per his/her wish.
  • No profit is payable if it is encashed before one year. If excess profit is drawn it will be adjusted from the principal amount.
  • Sanchayapatra can be transferred from one issuing office to another of the similar type.
  • At the time of purchase it is compulsory to show and entry the National Identity Card number/passport number/birth certificate number in the purchase form. Source tax may impose on profit by government.
Social Security Premium (SSP) will be applicable only for mature redemption.

 

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