BB extends NSC profit claims until maturity, plus six years

Profit claims from National Savings Certificates (NSC) will remain valid throughout the tenure of the savings certificates and continue up to the maturity date with an additional six years tenure, according to a Bangladesh Bank circular issued Tuesday.

The circular issued by the Debt Management Department of Bangladesh Bank also attached an explanatory letter from the Internal Resources Division (IRD) of the Ministry of Finance, dated June 8, 2026, was also attached to the circular.

According to the directive, the monthly coupon profits of the Pensioner Sanchayapatra and Paribar Sanchayapatra will remain valid and payable until the exact date of maturity. Consequently, the deadline for claiming these profits will only expire six years after the certificate reaches its full maturity.

The same provision will apply to the Three-Month Profit-Bearing Sanchayapatra and the Five-Year Bangladesh Sanchayapatra. Profits on these instruments will be receivable until maturity and can be claimed for up to six years thereafter. After the completion of these six years, the government's obligation to disburse the profit will be deemed expired.

The circular also noted that this regulation will be effective for savings certificates with varying annual profit rates.
Bangladesh Bank explained that according to Section 33 of the Public Debt Act, 2022, the government's liability expires six years from the date of the claim, unless a shorter period is specified for any outstanding amount. 

However, since profit claims for savings certificates remain valid until maturity, the limitation period for Sanchayapatra profits will be calculated from the date of maturity, and the government's liability will cease after the subsequent six years.

The circular further mentioned that this clarification was issued based on the opinion of the Ministry of Finance after the Department of National Savings sought an explanation regarding the limitation period for NSC profits.