5-yr savings certificate: No manual reinvestment after Jun 29 next year

Investors will no longer be able to reinvest manually in the state-run 'Five-Year Bangladesh Savings Certifi-cate' after June 29, 2024.

But, if they want, they can invest in the same scheme online on the day, according to a gazette notification, issued by the Internal Resources Division of the Finance Ministry on Sunday.

It said, "As per the Savings Certificates Rules, 1977 (Amended, 2015) Five-Year Bangladesh Savings Certificate issued manually up to June 30, 2019 will receive yield till the maturity period June 29, 2024, and after that any Five-Year Bangladesh Savings Certificate opened manually will not be eligible for reinvestment benefits."

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