Income tax return made mandatory for savings certificate over Tk5 lakh  | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 25, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 25, 2025
Income tax return made mandatory for savings certificate over Tk5 lakh 

Banking

TBS Report 
25 July, 2022, 08:20 pm
Last modified: 25 July, 2022, 08:21 pm

Related News

  • What led to BB's dress code circular, will any action be taken against those involved?
  • Reserve heist: Submission of probe report delayed for the 87th time
  • Bangladesh Bank issues clarification regarding dress code advisory
  • BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
  • Cenbank to allow full foreign ownership of restructured banks: Governor

Income tax return made mandatory for savings certificate over Tk5 lakh 

TBS Report 
25 July, 2022, 08:20 pm
Last modified: 25 July, 2022, 08:21 pm
Income tax return made mandatory for savings certificate over Tk5 lakh 

The Bangladesh Bank has made it mandatory to show proof of last year's income tax return for investment in savings certificate worth more than Tk5 lakh. 

In addition, income tax return documents were made mandatory to open account of more than Tk5 lakh in Bangladesh Post Office Savings Bank. 

The central bank's Data Management department issued a circular in this regard Monday (25 July). 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

According to the Directorate of National Savings Certificate and government gazette, Bangladesh Bank directed the banks to take necessary measures for proper compliance with Section 48 of the Finance Act, 2022 for investments over Tk5 lakh as Savings Certificate and in Post Office Savings Banks.

Similarly, if the credit balance exceeds Tk10 lakh in bank accounts, individuals must submit proof of income tax return deposit. 

It will also be required when applying for a bank loan of more than Tk5 lakh or taking a credit card worth more than the amount.

 

Bangladesh / Economy / Top News

savings certificates / Bangladesh Bank

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Representational image. File photo: TBS
    Govt okays proposed tariff structure for Chattogram Port, rates to rise by up to 440%
  • Hasina and Taposh in an event in 2020. Photo: Collected
    Al Jazeera investigation: Hasina, in call with Taposh, talks using helicopter to shoot, crush protesters in July uprising
  • The Chinese Ambassador Yao Wen and Sayeda Jasmin Sultana Milky, director general of Global Health Emergence  Response Wing of the foreign ministry, received the team in the airport last night (24 July). Photo: Chinese embassy/Facebook
    Chinese medical team arrives in Dhaka to treat Milestone crash victims

MOST VIEWED

  • Representational image/Reuters
    Dollar gets upward push as BB buys $10m more in auction at even higher rate
  •  ABM Khairul Haque. File Photo: Collected
    Former chief justice Khairul Haque detained
  • File photo of Bangladesh Bank. Photo: TBS
    Governor Mansur orders withdrawal of BB dress code after directive draws criticism
  • Representational image. Photo: Collected
    Tariff talks: Bangladesh, US set for crucial virtual meeting on 29 July
  • Mehreen Ahmed speaking to media on 11 July 2025. Photo: Collected
    Court disposes of Dhaka girl's case against parents seeking 'protection from abuse'
  • Hasina and Taposh in an event in 2020. Photo: Collected
    Al Jazeera investigation: Hasina, in call with Taposh, talks using helicopter to shoot, crush protesters in July uprising

Related News

  • What led to BB's dress code circular, will any action be taken against those involved?
  • Reserve heist: Submission of probe report delayed for the 87th time
  • Bangladesh Bank issues clarification regarding dress code advisory
  • BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
  • Cenbank to allow full foreign ownership of restructured banks: Governor

Features

Illustration: TBS

The future of medicine: How innovations will catalyse quantum leaps in healthcare

7h | The Big Picture
Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

1d | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

2d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

2d | Panorama

More Videos from TBS

There are many more examples of trials of Chief Justices in the world.

There are many more examples of trials of Chief Justices in the world.

5h | TBS Today
Why is there a massive conflict between Thailand and Cambodia?

Why is there a massive conflict between Thailand and Cambodia?

5h | TBS News Updates
Former Chief Justice ABM Khairul Haque in prison

Former Chief Justice ABM Khairul Haque in prison

5h | TBS Today
The Nvidia Chip Deal Trades Away the United States’ AI Advantage

The Nvidia Chip Deal Trades Away the United States’ AI Advantage

5h | Videos
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net