• Sunday, Dec 04, 2022
  • Last Update : 09:24 am

Investors can now purchase savings certificates

  • Published at 11:22 am April 27th, 2020
national savings certificates (NSC)
Representational image of national savings certificates (NSC)

This service will be available every Wednesday and Thursday

Fresh investment and reinvestment in national savings certificates can be made starting from this week.

National Savings Directorate issued a circular in this regard on April 23.

All district savings offices or bureaus, and national savings special bureau will remain open from 10am to 1pm for savings certificates related transactions every Wednesday and Thursday every week starting from this week throughoutthe general holidays.

The circular also mentioned that the officials concerned have to follow health safety rules while on duty.

For uninterrupted transport,employees have to carry their office identity card and the office order. This instruction has been sent to all the zonal offices of Bangladesh Bank, Sonali Bank, Janata Bank, Argani Bank, Rupali Bank, Krishi Bank, Islami Bank, and the City Bank which deal with savings certificates and were instructed to remain open.

Investors can encash matured savings certificates and get coupon payments within the limited banking hours during the lockdown. Bangladesh Bank issued a circular on April 5 regarding this, and included these two services on a limited scale of banking operation.

The government initially imposed the shutdown across the country from March 26 and asked banks to keep their services open on a limited scale so that people could withdraw money to meet their financial needs.

In this limited scale operation, banks will provide cash transaction, cheque clearing, demand draft, pay orders, treasury chalan (bill) submission, and other services under the payment and clearing system.

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