Savings Week 2018 begins Saturday

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DHAKA, April 6, 2018 (BSS) – The Savings Week-2018 (April 7-13) begins in the country tomorrow in a bid to create more awareness among the people about savings and further enhance the quality of services by the Department of National Savings.

The Department of National Savings under the Internal Resources Division (IRD) has chalked out elaborate programmes to observe the week in a befitting manner.

The theme of this edition of the Savings Week is “Let us do savings, help building Digital Bangladesh (Cholo sobai sanchay kori, Digital Bangladesh gorai sohayota kori)”.

The formal inauguration of the week will be held on Saturday morning at around 10:00 am at the Department of National Savings head office at the NSC tower in the city, said an official at the Department of National Savings.

State Minister for Finance and Planning MA Mannan will attend the inaugural function as the chief guest while Senior Secretary of the Internal Resources Division and NBR Chairman Md Mosharraf Hossain Bhuiyan will remain present as special guest.

Director General of the Department of National Savings Shamsunnahar Begum will also remain present.

When contacted, Director (Administration and Public Relations) of the Department of the National Savings Md Abu Taleb said the aim of holding Savings Week 2018 is to raise the sale of savings tools and thus build savings mindset among the people, especially among the students.

He hoped that with the holding of such Week this year, the sale of savings tools would further increase in the coming days.

After the formal inauguration on Saturday morning, a colourful rally will begin from the NSC tower and end coming at the same venue after roaming Paltan-Press Club-Shikhya Bhaban-Secretariat-Zero Point.

Later, the state minister, NBR chairman and director general of the Department of National Savings will hold a press conference at its office at the NSC tower.

On Sunday, the Department will motivate teachers and students of various educational institutions in the capital through giving them proper idea about savings.

On the following day (Monday), the Department will apprise the investors about the policies on various savings tools including their purchase, sell and cash.

On April 10, the Department will encourage the low-income people about savings through holding Uthan Boithok. On April 11, a view-exchange meeting will be held with the owners of different savings tools while the evaluation and closing ceremony of the week will be held on April 12.

According to the Department of National Savings, net sales of savings tools hit an all-time high of Taka 52,327 crore in the last fiscal 2016-17, more than 2.5 times higher than the government’s target of Taka 19,610 crore.

Presently, the rates of return on the five-year family savings certificates is 11.28 percent, five-year pensioner savings schemes 11.76 percent, three-year post office savings certificates 11.28 percent, family savings certificate is 11.52 percent, three-year profit-based savings certificates is 11.04 percent and five-year wage earners development bond is 12 percent.

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