Where the money is safe in the investment, the profit is also higher than the bank
October 2, 20243 Mins Read
Jumbangla Desk: Due to high inflation, surplus money in the hands of people has already decreased. Savings have also decreased due to this. And those who have the opportunity to save, are not getting good profits. The profit earned by keeping money in the bank for a long time is more than inflation. As a result, the profit earned by keeping money in the bank is being eaten away by inflation. Because of this, keeping money in the bank is decreasing.

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Bangladesh Bank has recently changed the interest rate calculation. The interest on bank deposits has started to increase, which has now risen to 8 percent. However, interest rates on government investment products, treasury bonds, are still higher than bank interest rates. Bond interest rate rose to 9.10 percent.

As a result you can invest in government bonds for higher returns. There are various types of government investment products like bonds, bills. The government carries out development activities by borrowing money through these products.

Until now, apart from banks, insurance companies and corporates are the main buyers of government bonds.

Be it individuals or organizations, everyone wants more profit or interest. As well as security of money. The money will be safe, and good profits will be made - there are not many financial products in the country.

Savings paper is the first choice for savings among common people. Then there are various savings schemes of banks and financial institutions. A customer cannot invest more than Rs. 50 lakhs in a single name in savings paper.

Apart from banks and savings bonds, the government has another financial product in which you can invest. That is the government treasury bond.

Profits from investments in these bonds are tax-free. As a result, the entire profit is available. Again, being a government product, there is also financial security. So treasury bonds can be a safe place to invest.

Now this bond can be bought by opening a 'security account' from every bank in the country. However, the investment in this bond should be at least one lakh rupees or its multiple. And it can be sold whenever you want.

According to the latest data of Bangladesh Bank, the 2-year bond yields 8.90 percent interest per annum, the 4-year 9-month bond yields 9.05 percent interest, and the 7-year bond yields 9.10 percent interest.

However, the interest rate of 13 years 9 months and 19 years 10 months bonds is still less than 9 percent, because these bonds have not been auctioned again. The interest of this bond will go above 9 percent only if it is auctioned.

According to the data of Bangladesh Bank, in total there is an investment of Tk 3 lakh 62 thousand 832 crore in treasury bonds. Primary dealer banks bought the most of such bonds, about 43 percent. Other banks bought 30 percent of the bonds. Bangladesh Bank bought 14 percent. 5 percent bonds were bought by life insurance companies.

Provident funds, trusts bought about 3 percent. The deposit insurance trust fund bought about 3 percent of the bonds. Corporate institutions bought 1 percent bonds. Individual investors bought about 1 percent of the bonds.

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Bangladesh Bank officials said that apart from institutions, individual investors are now buying treasury bonds. Rules have also been simplified so that common people can easily invest in treasury bonds.