Bangladesh Bank (BB) Debt Management Department (DMD) on Tuesday issued a circular clarifying the amendment of the family saving certificate policy.
The following paragraph has been substituted for Article 3 of the Family Savings Certificate Policy, 2009:
Savings Certificate sales resume
Eligibility for purchasing savings certificates:
The central bank said that any Bangladeshi aged 18 and above, any Bangladeshi physically disabled person of maximum 65 years old and above may apply for purchasing this savings certificate in the prescribed form.
“A maximum worth of Tk 45 (forty-five) lakh can be purchased in a single name. This savings certificate cannot be purchased in a joint name and no institution's money can be used in it," said the BB notification.