Post Office Savings Bank-Ordinary Accounts
Rate of Profits: 7.50% in simple rate
Investment Limit:
a) Maximum Tk. 30,00,000/- can be deposited in single name.
b) Maximum Tk. 60,00,000/- can be deposited in joint name.
Other features:
- Nominee can be nominated to one or more persons.
- Profit is calculated on monthly basis.
- Ordinary accounts may be opened only with Tk.100/-.
- At the time of open an Account it will be compulsory to show and entry the National Identity Card number in the form.
- Profit : liable to income-Tax
Post Office Savings Bank-Fixed Deposit Accounts
Rate of Profit: 13.24% (on maturity).
Year-wise Profit rate:
Table: Year-wise rate of profit
Period |
Rate of profit*
(%) |
Rate of SSP**
(%) |
Total rate of profit
(%) |
1 |
2 |
3 |
4 (2+3) |
Deposit for one year |
10.40 |
0.00 |
10.40 |
Deposit for two year |
11.40 |
0.00 |
11.40 |
Deposit for three year |
12.40 |
0.84 |
13.24 |
*Profit on which source tax deduction is applicable;
**SSP= Social Security Premium |
- Profit shall be allowed for each period of six months or over but not for a Period of less than six months and shall be calculated as shown below-
| Period |
Rate of profit* (%) |
1 |
2 |
Deposit for one year |
10.00 |
Deposit for two years |
10.50 |
Deposit for three years |
11.00 |
*Profit on which source tax deduction is applicable; |
Investment Limit:
a) Maximum Tk. 30,00,000/- can be deposited in single name.
b) Maximum Tk. 60,00,000/- can be deposited in joint name.
Other features:
- Available for auto-reinvestment facility.
- Nominee can be nominated.
- Fixed Deposit accounts may be opened only with Tk.100/- At the time of open an Account it will be compulsory to show and entry the National Identity Card number in the form.
- Profit: liable to income-Tax.
