Formation | 1971 |
---|---|
Headquarters | Dhaka, Bangladesh |
Region served | Bangladesh |
Official language | Bengali |
Website | Department of National Savings |
Department of National Savings is a government department that acts as the National Saving Bank of Bangladesh and is responsible for issuing saving certificates. [1] It is located in Dhaka, Bangladesh.
Department of National Savings traces its origins to the National Savings Institute which was founded in 1944 under the Ministry of Finance (India). It was headquartered in Simla, British India. After the Partition of India the National Savings Institute was managed by the Ministry of Finance (Pakistan). After the Independence of Bangladesh in 1971, the government of Bangladesh created the Directorate of National Savings which absorbed the functions of the National Savings Institute. In 2014 the Directorate of National Savings was upgraded to a full department. The Department of National Savings is attached to the Internal Resources Division under the Bangladesh Ministry of Finance. [2]
The department sells saving certificates to the general public. The government pays interest on the saving certificate and they are considered government liabilities. Investors prefer saving certificates due to a lack of faith in Banks. The government has attempted to decrease the sales of saving certificates through raising interests. [3] [4] [5]
Dhaka, formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city in the world with a population of 8.9 million residents as of 2011, and a population of over 21.7 million residents in the Greater Dhaka Area. According to a Demographia survey, Dhaka has the most densely populated built-up urban area in the world, and is popularly described as such in the news media. Dhaka is one of the major cities of South Asia and a major global Muslim-majority city. As of 2021, Dhaka's nominal GDP is estimated to be US$253.30 billion and GDP (PPP) is estimated to be US$510.276 billion. Dhaka ranks 39th in the world and 3rd in South Asia in terms of urban GDP. As part of the Bengal delta, the city is bounded by the Buriganga River, Turag River, Dhaleshwari River and Shitalakshya River.
The Directorate General of Forces Intelligence, commonly known as DGFI, is the military intelligence agency of the Bangladesh Armed Forces, tasked with collection, collation and evaluation of strategic and topographic information, primarily through human intelligence (HUMINT). As one of the principal members of the Bangladesh intelligence community, the DGFI reports to the Director-General and is primarily focused on providing intelligence for the Prime Minister, the Cabinet of Bangladesh, and the Armed Forces of Bangladesh.
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The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.
The National University of Bangladesh is a public university of Bangladesh that was established by an Act of Parliament as an affiliating University of the country to impart graduate and post-graduate level education to the students through its affiliated colleges and professional institutions throughout the country. It is the fourth largest university in the world according to enrollment. The headquarters is in Gazipur, on the outskirts of Dhaka.
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Abul Maal Abdul Muhith was a Bangladeshi economist, writer, civil servant, secretary, diplomat and politician. He served as the Finance Minister of the government of Bangladesh from January 2009 until January 2019.
Ministry of Education, abbreviated as MoE, is the ministry responsible for secondary, vocational and tertiary education in Bangladesh. Primary education and mass literacy is the responsibility of the Ministry of Primary and Mass Education (MOPME). The Ministry of Education contains two divisions:
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National Savings Certificate in Bangladesh encompasses different types of savings schemes operated by National Savings Department, Bangladesh. It is supervised by Internal Resources Division of Ministry of Finance of Government of Bangladesh. Every year the profit margins of these schemes are declared after cutting the 5% source tax. These certificates are sold and encased in the post offices in Bangladesh.
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Directorate of Government Accommodation is a government directorate responsible for looking after government accommodations and state guest houses in Bangladesh and is located in Dhaka, Bangladesh. It is under the Ministry of Housing and Public Works.
Department of Mass Communication is a government department under the Ministry of Information and Broadcasting in Bangladesh. Its headquarter is located in Dhaka, It has 68 field level offices all over the country. Among those 64 District Information Offices are located in 64 district headquarters and 4 offices are located in 4 Upzilas of hill tracts region.
Ashuganj Power Station Company Limited is a state owned power company in Bangladesh. The company is located in Paltan, Dhaka, Bangladesh. The company is under the authority of Bangladesh Power Development Board.
The Central Directorate of National Savings is the state-owned savings bank of Pakistan. It operates as an attached department of Finance Division, Ministry of Finance and is headed by Director General. Historically, the operations of National Savings have been geared towards obtaining funds from individual savers in Pakistan in order to provide non-bank financing to the government's fiscal deficit. Towards this aim, the organization offers savings products with competitive interest rates, along with a 100% guarantee from the government treasury on all deposits. Lately, National Savings has played significant role towards Financial Inclusion. National Savings is aggressively improving its customer services through digitization. It has successfully centralized its data and is now about to offer Alternative Delivery Channels for its customers.
The COVID-19 pandemic in Bangladesh is part of the worldwide pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2. The virus was confirmed to have spread to Bangladesh in March 2020. The first three known cases were reported on 8 March 2020 by the country's epidemiology institute, IEDCR. Since then, the pandemic has spread day by day over the whole nation and the number of affected people has been increasing. Bangladesh is the second most affected country in South Asia, after India.
Bangladesh Development Forum is a biannual, was annual till 2005, conference in Bangladesh between the government and donor agencies. This is an invite only meeting let by the Finance Minister of Bangladesh.
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