Savings paper sales in the country have come down significantly. In the first three months of the current fiscal year 2024-25, savings bonds worth Tk 14,992 crore have been sold in July-September. 21 thousand 656 crores were sold during the same period last year. Accordingly, in one year the sale of new savings certificates has decreased by 6.5 billion taka or 31 percent.
This information was found in a recently published report of Bangladesh Bank on the latest situation of the country's financial indicators. The report highlights the sales, actual redemption and latest status of savings bonds for the July-September quarter.
According to the report of Bangladesh Bank, in the last July-September quarter, in addition to the sale of new savings certificates, the monetization (breaking) of savings certificates also decreased. Due to this, the government's cost of actual repayment of savings bonds has also reduced significantly in these three months. 6 thousand 659 crores have been paid to the customers for the original of savings certificates during July-September this year, which was 22 thousand 921 crores in the same period last year. Accordingly, the government's expenditure on actual repayment of savings bonds has decreased by Tk 16,262 crore or about 71 percent in one year.
