The
government has clarified that interest rates of different savings
schemes with Post Office Savings Bank were lowered, not that of any
savings certificate.
The Internal Resources Division of the Finance Ministry issued a circular on February 13 in this regard.
It was mentioned in the circular that the interest rates of the Post Office
Savings Bank have been slashed to that of other state-owned banks.
However, the interest rates of government's savings certificates remain the same, it said.
The
interest rate on three-year fixed deposit with the Post Office Savings
Bank was cut down to 6 percent from 11.28 percent on maturity.
The
interest rate for the first year and second year of the deposit was
reduced to 5 percent and 5.5 percent from previous 10.20 percent and
10.70 percent respectively for encashing before the maturity.
The interest rate on savings in case of normal accounts was fixed at 5 percent from 7.5 percent. -UNB
Editor : Iqbal Sobhan Chowdhury
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