No plan to cut yield rates on state-owned savings certificates: NBR chief

The government has no plan to cut yield rates on state-owned savings certificates, said National Board of Revenue (NBR) chairman Mosharraf Hossain Bhuiyan on Saturday.

Despite the interest payments being very high, such savings scheme has been being continued considering small savers benefits, he said. 

Bhuiyan was speaking at the inaugural ceremony of Savings Week-2018 at the National Sports Council in Dhaka city.

He added that the net sales of savings instruments had exceeded the target of eight months of fiscal year 2017-18.

Shamsunnahar Begum, Director General of Department of National Savings, among others, was present.

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