No change on Savings Certificate interest rate

, National

Special Correspondent, barta24.com | 2023-08-25 22:26:25

Finance Minister AHM Mostofa Kamal said that there will be no change in the interest rate on savings certificate. He disclosed this while addressing a pre-budget discussion meeting with the representatives of several organizations held at the NEC auditorium, Agargoan.

Finance Minister said that we did not touch the rate and return of the savings scheme and will not touch. However, a reform is going on in the scheme. Only they will invest in this scheme for whom the scheme was introduced.

He said that now the savings scheme is marred by huge illegal money. As a result the amount of investment in this scheme has increased manifold incurring loss to the government. It must be controlled. It means only they will purchase savings certificate who are fit case for it. Their facilities will not be decreased.

Regarding the stock market the Minister said that some incentives are coming in the budget. Now the market should improve while it is gradually sliding. The responsible persons behind it doing it consciously. We will be strict against them.

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