From the beginning of the current fiscal year in the country, the sale of savings has been positive. But last November, the common people suddenly reduced the investment in the sector. The tendency to withdraw the previous savings than the purchase or renewal of savings increases. In this situation, the government has not been able to prevent drought in the sale of savings even by increasing interest rates.
If people increase the redemption rather than buying savings, the net sale from the government is called 'negative'. According to Bangladesh Bank sources, last December, the net sales of the depository have been negative to Tk. In the previous month, the net sales of the net were negative. That is, in those two months, the pressure was more than buying the savings.
According to the data, in December 2021, the net sales in the savings were negatively negative. At the same period of 2021, it has increased to Tk. That is, the negative digit of one year's net sales has increased to Tk. The first month of the current fiscal year was 2,500 crore in July, the second month in August 2 thousand 5 crore and the third month in September, Tk. However, from November it started to become negative.
The sectors said there was high inflation last November. They could not save the living costs of the lower and middle class. Again, after the political change in the country in the July-August movement, many of the beneficiaries of the past government have gone into hiding. In addition, as the interest rate on bank deposits and government bill-bonds increased, a large part of institutional and individual investment had been transferred to the bank and bill-bonds. For these reasons, the sale of the savings has been somewhat degraded. Interest rates are increased in the storage to cope with the pressure. It has reduced the speed of the savings. But if everything goes well, the sale of sales in the future will be cut off.
Bangladesh Bank spokesperson and executive director Arif Hossain Khan said the central bank has announced a contractional monetary policy to bring inflation under control. As a tool has increased ethnicity. It also increases the interest rate on loans and deposits. Again, many people are breaking the savings as the inflation is high. But recently inflation has decreased somewhat and the interest rate on the savings has been increased. Hopefully, the sales of the front sales will increase.
According to sources in the finance ministry, the government has set a target of taking a net loan of Tk. Net sales of savings (investment) are regarded as the government loan, which is used in budget deficit financing. The target of the government's net loan from the sale of the last fiscal year was set at Tk 1 billion.
It is learned that the interest rate on all types of savings has been increased since January due to the increase in interest in the government treasury bill-bonds and deposits. Although the rate of profit in the family savings is 5.72 percent, now the profit will be available for less than Rs 1 lakh in this deposit. And with the investment of more than Tk 5 lakh, the profit will be 12.7 percent. Investing less than Tk 5 lakh in pensioner savings will make the profit of the expiry of 12.3 percent. Investment of more than Tk 5 lakh will get profit of 12.7 percent. The purchase of this savings was 5.7 percent in the expiry of this day. Prior to the expiry of the five -year Bangladesh savings, the profit was 5.75 percent. From January, the investment of less than Tk 5 lakh in this savings will get a profit of 12.7 percent. Investment of more than Tk 5 lakh will get profit of 12.7 percent. And during the three months of the profit -based savings, the profit was 5.7 percent of the year. From January, the savings will have a profit of less than Tk 5 lakh in the savings. The profit will be 12.25 percent in investing more than Tk 5 lakh. On the other hand, the profit will be 12.5 percent for investing less than Tk 1 lakh as a term at the post office Savings Bank and the profit will be available for the investment of more than Tk 5 lakh.