How to Use This Calculator

Calculating your potential Sanchayapatra earnings is simple with our tool. Follow these four easy steps:

  1. Enter Your Investment Amount: Type the total amount in BDT you wish to invest.
  2. Select Certificate Type: Choose the specific savings certificate from the dropdown list.
  3. Click Calculate: Hit the "Calculate Profit" button.
  4. Review Your Results: Instantly see a full breakdown of your gross profit, tax, net profit, and total return at maturity.

Understanding National Savings Certificates (Sanchayapatra)

National Savings Certificates, or Sanchayapatra, are financial instruments issued by the Government of Bangladesh to encourage savings among its citizens. They are considered one of the safest investment options in the country as they are backed by the government. They offer attractive, fixed interest rates for a specified period, making them a popular choice for risk-averse investors, families, and retirees looking for a steady income stream.

Key Features of Sanchayapatra

  • High Security: Fully backed by the Government of Bangladesh, making them a virtually risk-free investment for your principal amount.
  • Attractive Returns: Offer competitive, fixed interest rates, which are often higher than bank fixed deposit rates (FDRs).
  • Tax at Source: Profit is conveniently taxed at source (TDS), simplifying your tax filing. The investment itself may qualify for tax rebates under certain conditions.
  • Variety of Options: Different schemes are designed to meet the needs of various groups, such as women, senior citizens, pensioners, and the general public.

Tax on Sanchayapatra Profit

The profit you earn from Sanchayapatra is subject to Tax Deducted at Source (TDS). The rate of tax depends on the cumulative investment amount across all schemes. The current rules are:

  • 5% TDS is deducted from the profit if your cumulative investment is up to BDT 500,000.
  • 10% TDS is deducted from the profit if your cumulative investment exceeds BDT 500,000.

This calculator automatically applies the correct tax rate based on your input to give you a clear and accurate picture of your final, take-home profit.

Frequently Asked Questions (FAQ)

1. What are the most popular types of Sanchayapatra?

The most common types are the 5-Year Bangladesh Sanchayapatra (for all citizens), Paribar Sanchayapatra (for women, disabled, and citizens over 65), and Pensioner Sanchayapatra (for retired government employees).

2. What is the tax rate on Sanchayapatra profit?

The profit is taxed at source (TDS). For cumulative investments up to BDT 500,000, the tax rate is 5%. For investments exceeding BDT 500,000, the rate is 10%. Our calculator automatically applies the correct rate.

3. What happens if I cash my certificate before the maturity date?

If you encash your Sanchayapatra before its full maturity period, you will receive a lower interest rate based on the government's prescribed schedule. For example, for a 5-year certificate, the rate is lower if cashed after 1, 2, 3, or 4 years. This calculator currently estimates profit based on full maturity.

4. Can I buy Sanchayapatra online in Bangladesh?

Yes, the Government of Bangladesh has introduced an online system for buying and managing National Savings Certificates, which makes the entire process more convenient for citizens. You can typically purchase them through designated banks and post offices.

Disclaimer

This is an informational tool designed for estimation purposes only. The interest and tax rates used are based on current regulations from the Department of National Savings, Government of Bangladesh, and are subject to change. Always verify the latest rates and rules from official sources before making any financial decisions. This tool is not affiliated with any government body.

Furthermore, this calculator is for informational purposes only. We do not encourage users to accept interest, as it is considered 'haram' (forbidden) in Islam. The Prophet Muhammad (ﷺ) cursed those who deal with interest (riba). As narrated by Jabir (may Allah be pleased with him), "The Messenger of Allah (ﷺ) cursed the one who consumes riba, the one who gives it to others, the one who records it, and the two who witness it." (Sahih Muslim 1598). For more details, you can refer to the Hadith at Sunnah.com.