National saving instrument Saving product 1.

Sanchayapatra y 5 Years Bangladesh Sanchayapatra Introduced: 1977 y 3 Monthly profit bearing Sanchayapatra Introduced: 1998 y Pensioner Sanchayapatra Introduced: 2004 y Poribar Sanchayapatra

2. Development Bond y Bangladesh Prize Bond y Post Office Savings Bank y Postal Life Insurance y U.S.Dollar Premium Bond Introduced: 1st Nov.2002 y U.S.Dollar Investment Bond Introduced: 1st Nov. 2002 y Wage Earner Development Bond

Key features of the existing National Savings Schemes. Sl Name of . Schemes N o 1 2 1. 5 years Bangladesh Sanchayapatra Maturity Limit Interest rate Tax Investors Penalty Impleme Comme Treatm nts nts ent 8 9 Encashm Impleme ent nt before By one year Bank, no Bureau, interest Post accrued office.

3 Five years

2. Three Monthly Three Profit basis years Savings Certificate.

4 5 6 7 Single: 30 10.50% on 10% All lac Maturity payable classes Jointly: 60 Interest. Interest of people lacs payable and Investmen after recognize t of 1 yr d recognize @7.50%, 2 Provident d yrs Fund. Provident @8.25%, Fund 3yrs Unlimited @9.00%, 4 yrs @ 9.75%. Single: 30 10.% on 10% All lac maturity payable classes Jointly: 60 Interest Interest of people. lacs payable

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3. Pensioner Five Sanchayapatra years

4. Poribar Five Sanchayapatra years

5. Bangladesh Prize Bond

Three Month

6. Wage Earner Five Development years Bond

7. US Dollar Premium Bond

Three Years

after 1 yr @ 8%, 2 yrs @ 9%. 50 lac 11.00% on Tax Retired do maturity Free person Interest pay from :Governm able after: 1 01/07/0 ent, yr @ 9 Semi 8.00%, Govt, 2 yrs @ Autonom 8.75%, 3yrs ous, @9.50%, 4 Semiyrs @ Autonom 10.25%. ous Institution s) 30 lacs 11.04% on Tax Female do maturity Free Parson Interest pay 18 Yrs able after: 1 and above yr @ 8.00%, 2 yrs @ 8.75%, 3yrs @9.50%, 4 yrs @ 10.25%. Unlimited 6.50% 20% on Any the persons. prize money Unlimited 10.50% Tax Banglade do (Compound Free shi FC ) Account holders who serving in abroad. Unlimited 7.50% Tax Nondo (Interest free Residence payable Banglade in Taka) on shi FC maturity. Account Interest holder payable (Interest

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Impleme nt by Bank

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after payable in 1 yr @ Taka). 6.50%, 2 yrs @ 7.00%. 8. US Dollar Three Unlimited 6.50% Tax Nondo Investment Years (Interest free Residence Bond payable Banglade in Dollar) shi FC on maturity. Account Interest holder payable (Interest after payable 1 yr @ In 5.50%,2 yrs Dollar). @ 6.00%. 9. Post Office 10% All Savings Bank payable classes : Interest of people. (I) Ordinary Single 30 7.50% A/C lac Jointly 60 lac (II) Fixed 3 Single 30 10.00% Deposit years lac Jointly 60 lacs 1 Postal Life Tax All 0. Insurance: free classes of people (I) Whole Minimum Tk.42 per Life limit of Thousand. Insurance investmen Yearly t Tk. 4.2% 1,000/= (II) Fixed 5/10/15/ Minimum Tk.33 per Term 20/ limit of Thousand. Insurance investmen Yearly 3.3% 25/30/35 t Tk. 1,000/= /40

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Impleme nt by Post Office.

Impleme Age nt limit by Post 19 to 55 Office. yr. Monthl y premiu m depends on age & amount of investm ent

i. 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/From Where can be purchased: National Savings Bureaus, Branches of Bangladesh Bank & Schedule Banks and Post offices. Duration : 5 Years Rate of Profit : 12% (on maturity) Permissible limit: Tk.50 lacs for Single or Tk. 1 crore for joint investment. ii. 3 Monthly profit bearing Sanchayapatra Introduced : 1998 Denomination : Tk.1,00,000/-,Tk.2,00,000, & Tk.5,00,000/-. From Where can be purchased: National Savings Bureaus, Branches of Bangladesh Bank & Schedule Banks and Post offices. Duration : 3 Years Rate of Profit : 11.50% (on maturity). Permissible limit: Tk.50 lacs for Single or Tk. 1 crore for joint investment. iii. Pensioner Sanchayapatra Introduced : 2004 Denomination: Tk. 50,000/-, Tk.1,00,000/-, Tk.2,00,000/-, Tk.5,00,000/- & Tk.10,00,000/-. Eligibility to purchase: (a) Retired officials and employees of Govt., Semi Govt, Autonomous and Semi-Autonomous Bodies of civil and Armed forces. (b)Under family pension, beneficiary (Husband/wife/Children ) of deceased/Retired Military and Civil employees of Govt., Semi Govt, Autonomous and Semi-Autonomous Bodies. From where can be purchased : National Savings Bureaus, Branches of Bangladesh Bank & Schedule Banks and Post offices. Duration : 5 Years Permissible limit : 30 lacs Earned from Gratuity and Provident Fund. Rate of Profit:12.50% (on maturity). iv. Wage Earner Development Bond Introduced : 1981 Denomination : Tk. 25,000/-, Tk. 50,000/-, Tk.1,00,000/-, Duration : 5 Years Rate of Profit : 12% (compound ) Eligibility for purchase of the Bond : (a) Bangladeshi Wage -earner serving abroad on his own earnings in foreign exchang in his own name or in the name(s) of any other person(s) named in his own application. (b) Beneficiary of the Wage-earners' remittance in foreign exchange in his own name. (c) Govt. Employees working in Bangladesh Mission abroad. (d) Permissible limit : No maximum limit.

v. 3 Years National Investment Bond Introduced : 1992

Denomination : Tk. 10,000/-, Tk. 20,000/-, Tk. 50,000/-, Tk. 1,00,000/-, Tk. 50,00,000/-, Tk.1,00,00,000/-, TK. 2,00,00,000/- and Tk.10,00,00,000/-. Profit : 8.50% (Simple rate). Duration : 3 years Permissible Limit : Without limit. From where can be purchased : Branches of Bangladesh Bank / Sonali Bank ( Treasury Branch). vi. Bangladesh Prize Bond (Denomination Tk.100/-) Introduced : 1995 Prize money in every series and every draw: i) 1st Prize - 1 no - Tk. 6,00,000/ii)2nd Prize - 1 no - Tk. 3,25,000/iii)3rd Prize - 2 nos- Tk. 1,00,000/iv)4th Prize - 2 nos - Tk. 50,000/v)5th Prize - 40 nos- Tk. 10,000/Other features : a) Number of Bond in every series 10 lacs. b) Draw every after three months. c) Lock up period : 2 months before draw. d) Prize money may be claimed within 2 years from the date of draw. vii. Post Office Savings Bank 1) Ordinary Accounts : Rate of Profit : 7.50% Permissible Limit : Tk. 25 lacs for Single and Tk. 50 lacs for joint investment. 2) Fixed Deposit Accounts: Account holder may draw profit every after six months. (a) If Profit is withdrawn on completion of each period of six months 10%. (b) If Profit is not withdrawn on completion of each period of six months 12%. (c) Permissible limit : Tk. 50(fifty) lacs for single or Tk. 1(one) crore for joint investment. viii. Postal Life Insurance This is a government owned and runed Insurance Policy. Eligibility for adoption of Policy : (a) Government, Semi-Government, Autonomous and Private Sector employees, (b) Member of Army , Navy and Air Forces.. Type of Policy : Whole Life Policy, Fixed Term Policy, Education Policy Marriage Policy, Sudden death Policy, Welfare Policy for whole life inability, Policy without medical examination. Yearly bonus for Tk. 1000 Whole Life Policy Tk. 42.00 Fixed Term Policy Tk. 33.00.

ix. U.S.Dollar Premium Bond Introduced : 1st Nov.2002 a) Eligibility for purchase of the Bond: The Bond may be issued in the name of a holder of a non-resident account against remittances from abroad to the account. b) Rate of Profit: Encashment (a) (b) (c) (d) Within one year from the date of issue. After completion of one year but wihtin two years. After completion of two years but wihtin three years. After completion of three years. Interest Payable No interest 6.5% 7% 7.5%

c) Denomination : US $ 500, $1000, $5000, $10000 and $50000. d) Permissible limit: No maximum limit. e) Maturity Period : Three years from the date of issue. f) Investors of One Million US Dollar and above shall be treated as CIP. g) Profit will be paid as per above rate converting (USD to BDT) in BDT. x. U.S.Dollar Investment Bond Introduced : 1st Nov. 2002 a) Eligibility for purchase of the Bond: The Bond may be issued in the name of a holder of a non-resident account against remittances from abroad to the account. b) Rate of Profit:

Encashment (a) (b) (c) (d) Within one year from the date of issue. After completion of one year but wihtin two years. After completion of two years but wihtin three years. After completion of three years.

Interest Payable No interest 5.5% 6% 6.5%

c) Permissible limit: No maximum limit. d) Maturity Period : Three years from the date of issue. e) Denomination : US $ 500, $1000, $5000, $10000 and $50000. f) Investors of One Million US Dollar and above shall be treated as CIP. g) Profit will be paid as per above rate in USD may be drawn half yearly basis.

Citibank operation of national saving instrument (LOP)