Finance Minister Abul Maal Abdul Muhith has said that interest rates on savings certificate will be renewed after the next one or two months.
He said this at a press conference at the Osmani Memorial Auditorium in the capital on Friday afternoon. Earlier, the finance minister announced the reduction in the interest rate of savings certificate. The Finance Minister presented the budget for the fiscal year 2017-18 on Thursday.Muhith said, the rate of savings certificate will be reevaluated once a year to overcome the interest rate of savings certificate with the mortgage rate. It will be done in the next two months. The minister said that the mobile banking will not be given incentive, but it is thought that it will not be charged to send remittance to mobile banking.Replying to another question, the minister said, I have prepared the budget for the whole year. So, I have no weak side of this budget. At the press conference, Industries Minister Amir Hossain Amu, Agriculture Minister Matia Chowdhury, Planning Minister AHM Mustafa Kamal and State Minister MA Mannan were present.
