He wanted to put his money into another FDR, but had found out that the interest rate has dropped by around 40%. According to a latest Bangladesh Bank report, the average interest rate on bank deposit was 8.54% in June, 2013, and it stood at 4.84% at the end of June this year. Considering these factors, we should decrease the deposit interest rate,” he added. He further said, “We are fighting against the NPLs, which could undermine the efforts to increase the interest rate on bank deposits. But, the deposit interest rate must be set accordingly, to keep both the bank and the depositor in mind.

Source: Dhaka Tribune September 22, 2017 09:22 UTC