Sanchayapatra (also called savings certificates; savings instruments) are widely regarded as risk-free investments because they are backed by Government of the People’s Republic of Bangladesh. It is by far the most preferred investment for the low and middle-income households. Its popularity is partly due to the fact that they are secure and offer higher rates of interest than bank deposits do. At present the banks offer a very low interest rate due to government cut on interest on savings tools. Consequently, the people of Bangladesh are now frequently adopting Sanchayapatra since the other options are not as profitable as Sanchayapatra. Although through its May 23, 2015 gazette, the government reduced the interest rate of most Sanchayapatra by up to two percentage points, the popularity of choosing Sanchayapatra hasn’t diminished yet. At present there are four different schemes of Sanchayapatra:
| Sl # | Name of Scheme | Maturity | Limit | Interest rate | Investors |
| Five-year Poribar Sanchayapatra. | 5 years | Singly: Tk. 45 Lac | Interest payable after: 1st year @ 9.50%, 2nd year @ 10.00%, 3rd year @ 10.50%, 4th year @ 11.00%. on Maturity @ 11.52% |
(1) Any adult Bangladeshi female. (2) any Bangladeshi physically challenged male or female. (3) any Bangladeshi male or female above 65 years. * National ID Card Holder |
|
| Five-year Pensioner Sanchayapatra. | 5 Years | Singly: Tk. 50 Lac | Interest payable after: 1st year @ 9.70%, 2nd year @ 10.15%, 3rd year @ 10.65%, 4th year @ 11.20%. on Maturity @ 11.76% |
(1) Retired Govt., Semi-Govt, Autonomous, Semi-Autonomous officials. (2) Retired justices of the Supreme Court. (3) Retired members of the Army. (4) Spouse and children of the deceased pensioner. * National ID Card Holder |
|
| Three-year Sanchaypatra paying quarterly profits. | 3 Years | Singly: Tk. 30 Lac Jointly: Tk. 60 Lac |
Interest payable after: 1st year @ 1.00%, 2nd year @ 10.50%, on Maturity @ 11.04% |
All classes of people * National ID Card Holder |
|
| Five-year Bangladesh Sanchayapatra. | 5 Years | Singly: 30 Lac Jointly: 60 Lac Organization: Unlimited |
Interest payable after: 1st year @ 9.35%, 2nd year @ 9.80%, 3rd year @ 10.25%, 4th year @ 10.75%. on Maturity @ 11.28% |
All classes of people * National ID Card Holder |
Any Bangladeshi citizen can buy the appropriate Sanchayapatra conforming to the rules and regulations imposed by the government. Please visit the homepage of Department of National Savings to have detail idea on eligibility and other requirements. If you are eligible then you can buy the desired one by applying through the under mentioned forms:
- Five-year Poribar Sanchayapatra.
- Five-year Pensioner Sanchayapatra.
- Three-year Sanchaypatra paying quarterly profits.
- Five-year Bangladesh Sanchayapatra.
Further Reading
http://nationalsavings.portal.gov.bd/http://archive.shampratikdeshkal.com/data-storage/2016/04/03/20661
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