Dhaka TribunePeople can now invest a maximum of Tk10 lakh instead of Tk30 lakh in accounts held by a single individual and Tk20 lakh instead of Tk60 lakh in joint accounts under the post office savings productsThe government has reduced the limit of investment on post office savings schemes to Tk20 lakh from Tk60 lakh. People can now invest a maximum of Tk10 lakh instead of Tk30 lakh in accounts held by a single individual and Tk20 lakh instead of Tk60 lakh in joint accounts under the post office savings products, as per the notice. Every Bangladeshi citizen can deposit his or her money under the post office savings schemes. Earlier on February 13 this year, the IRD reduced the interest rate on post office savings schemes but the decision drew huge criticism as it would affect marginalized people who had saved money at the post office. Subsequently, on March 16, the government reinstated the interest rates on post office savings schemes.

Source: Dhaka Tribune May 28, 2020 16:52 UTC