Sanchayapatra Rates 2020

Sanchayapatra (Savings Instruments) is one of the major ways that the Government of the People’s Republic of Bangladesh tackles the budget deficit or shortfall of revenue. Sanchayapatra has also opened a wide door of opportunity to the low and middle-income households. Since it is sold by the Government, it has long been the reliable means of investment for the Bangladeshi citizens. At the moment Sanchayapatra is getting more popular because the rate of interest offered by the commercial banks is very low. However, the buying of Sanchayapatra is not as easy as the past days. The Government has fixed some strict guidelines which must be fulfilled while purchasing Sanchayapatra. For example, the applicant must have a bank account and E-TIN to be able to purchase any Sanchayapatra scheme. Moreover, the Government has also hiked the tax at source from 5% to 10%.

Different schemes of Sanchayapatra

At present there are four different types of Sanchayapatras, which are classified below by their tenure of maturity, limit of investment, and eligibility of investors:

Sl .	Name of Scheme	Maturity	Limit	Interest rate	Investors
1.	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 above 65 years.   Requirements: * National ID Card Holder
2.	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. Requirements: * National ID Card Holder
3.	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 adult people   Requirements: * National ID Card Holder
4.	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 adult people Requirements: * National ID Card Holder

Quick Facts

From where Sanchayapatra could be bought?

All offices of Bangladesh Bank, all Commercial Banks, 71 offices of Savings Bureau, and Post Offices.

How to buy Sanchayapatra?

It can be bought through cash up to Tk. 1,00,000.00. But for above 1,00,000.00 the buyer must have to issue a cheque from own his/her bank account. The interest and the principal amount will be automatically deposited into the purchaser’s bank account through Electronic Fund Transfer (EFT).

Are there any forms for purchasing Sanchayapatra?

Yes, there are respective purchase forms for different types of schemes. Moreover, the purchaser also has to fill up an online form (individual/company).

What Documents are Required?

1. Passport-sized photographs (2 copies for each individual) of the Purchaser (Attested by 1^st Class Officer) and the Nominee (Attested by the purchaser).
2. Photocopy of National ID of the Purchaser and the Nominee (if the nominee is minor then his/her Birth Certificate and the NID of the Certifier).
3. Photocopy of the Purchaser(s)’ E-TIN Certificate.
4. Photocopy of the MICR Cheque of the Purchaser’s Bank Account  (the interest and the principal amount will be automatically transferred into this account through EFT).

What are the current rate of interest for different schemes?

The following table summarizes the total receivable profits against respective Sanchayapatra scheme (applicable for each 1.00 lac) after deduction of 10% tax at source:

Sl.	Name of Scheme	Gross Profit	Tax at source	Net Profit	Profit receivable against each 1.00 lac
		A	B	(A-B) = C	Tk.
1.	Five-year Poribar Sanchayapatra.	11.52%	10% (1.1520)	10.3680%	864/- (Monthly)
2.	Five-year Pensioner Sanchayapatra.	11.76%	10% (1.1760)	10.5840%	2,646/- (Quarterly)
3.	Three-year Sanchaypatra paying quarterly profits.	11.04%	10% (1.1040)	9.9360%	2,484/- (Quarterly)
4.	Five-year Bangladesh Sanchayapatra.	11.28%	10% (1.1280)	10.1520%	50,760/- (On Maturity)

Application Forms for Purchasing Sanchayapatra

https://www.bb.org.bd/investfacility/sanchayapatra.php

Please Visit for Additional Information

http://nationalsavings.portal.gov.bd/

https://www.bb.org.bd/investfacility/sanchayapatra.php

 

 

Courtesy:

Photo by Micheile Henderson on Unsplash