Expatriates can now purchase an unlimited number of Wage Earners Bonds, according to the Internal Resource Division.
The investment ceiling for Non-Resident/Expatriate Bangladeshis in US Dollar Premium Bonds and US Dollar Investment Bonds has been removed, and the automatic reinvestment facility has been improved for efficiency.
Besides, the Internal Resource Division has introduced the option for non-resident Bangladeshi mariners, pilots, and cabin crew working for foreign-owned shipping or airline companies to invest in Wage Earner Bonds.
For the convenience of the pensioners, provision has been made for payment of profit every month instead of quarterly profit in Pensioner Savings Certificates.
The new system will come into effect from December 01, 2024.
In the case of Family Savings Bonds, Pensioner Savings Bonds, Quarterly Profit Based Savings Bonds, Wage Earner Development Bonds, US Dollar Premium Bonds and US Dollar Investment Bonds under the “National Savings Scheme”, the principal amount invested can be automatically reinvested.
On the other hand, five-year Bangladesh Savings Papers and Post Office Savings Bank-term accounts will have the benefit of reinvesting the principal invested with profits.
In case of investment in Wage Earner Development Bonds, the remittance brought once properly means investment in one term and reinvestment in two more terms i.e. investment can be made in three terms for a total of 15 years.
In the case of US dollar premium bonds and US dollar investment bonds Remittances duly brought can be invested once and reinvested four more times i.e. maximum five consecutive terms for a total of 15 years.
