5 Years Bangladesh Sanchayapatra

Introduced: 1977

Denomination: Tk.10/-, Tk.50/-, Tk.100/-, Tk-500/-, Tk.1000/-, Tk.5000/, Tk.10,000/, Tk.25,000/, Tk.50,000/-,  Tk.1,00,000/-, Tk.5,00,000/  &  Tk.10,00,000/-

Issue Office: National Savings Bureaus, Branches of Bangladesh Bank, Schedule Banks and Post offices.

Who can purchase:

  1. A certificate may be purchased by any of the following, Namely- i) a single adult; ii) a minor; iii) two adults in their joint names; iv) an adult on behalf of- a single minor, two minor jointly, himself/her self and a minor jointly and any lunatic of whom he is the guardian or manager appointed by a court of law.  
  2. Recognized provident fund as defined in sub-rule (2) of rule-49 of the Income Tax Rules, 1984 (Part-II) and those governed by the provident funds Act. 1925 (XIX of 1925),
  3. Any income from Fisheries, Poultry, Production of pelleted poultry feed, Production of seeds, Marketing of locally produced seeds, Cattle farming, Dairy farming, Horticulture, Frog farming, Mushroom farming, Floriculture and Sericulture can purchase. But subject to condition that persons will produce a certificate from the concerned Deputy Commissioner of taxes stating that the persons have income from such sources.

Purchase Limit:
            a) Maximum Taka 30 lac for single individual and Taka 60 lac for joint individuals.
            b) No limit for recognized provident fund in descried as above.
            c) No limit for institutions in descried as above.

Duration: 5 Years

Rate of Profit: 13.19% (on maturity)

Table-1: Year-wise profit rate with SSP

Time period

Rate of
profit *

SSP**

Total Rate

Payable with profit
per Tk.100

On completion of 1st year

9.20%

0.00%

9.20%

109.20

On completion of 2nd year

9.95%

0.00%

9.95%

119.90

On completion of 3rd year

10.70 %

0.00%

10.70%

132.10

On completion of 4th year

11.45%

0.00%

11.45%

145.80

On completion of 5th year

12.20%

0.99%

13.19%

165.95

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

Other features:

  • This Savings Certificate can be purchased by all classes of Bangladeshi people.
  • 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.
  • Recognized Provident Fund of the Institutions can be invested.
  • Available for auto-reinvestment facility.
  • Sanchayapatra can be transferred from one issuing office to another of the similar type.
  • At the time of purchase it will be compulsory to show and entry the National Identity Card number/passport number/registration number of birth certificate in the purchase form.
  • Social Security Premium (SSP) will be applicable only for mature redemption. 

 

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