Deposit Pension Scheme (DPS) Simulator
Calculate cumulative monthly savings with Bangladeshi commercial bank standard deposit rates.
DPS Banking Insights
- ✓ Monthly compounding with statutory source tax (AIT) deductions applied at maturity.
- ✓ Pre-mature encashment rules in BD typically yield only normal savings account interest (3-4%).
- ✓ Automated bank standing order eliminates missed payment penalties.
Depositors having e-TIN face 10% tax on profit, whereas non-TIN accounts incur 15% source tax under NBR regulations.
Fixed Deposit Receipt (FDR) Calculator
Calculate lump-sum deposit returns for commercial and Islamic banks in Bangladesh.
FDR Checklist
In Bangladesh, FDR tenures range typically from 3 months to 5 years. Bangladesh Bank periodically caps or adjusts maximum lending and deposit spreads.
Bank Loan EMI & Amortization Calculator
Calculate Equated Monthly Installment for personal, home, or auto loans in BD.
First Year Repayment Schedule
| Mo | EMI | Principal | Interest | Balance |
|---|
SMART Rate Benchmark
Bangladesh Bank previously introduced the SMART (Six-Month Moving Average Rate of Treasury bill) system and market-driven corridor. Always clarify if your sanction letter specifies floating or fixed rate regimes.
Islamic Zakat Obligation Calculator
Calculate 2.5% Zakat on qualifying liquid assets held for one lunar year (Hawl) above Nisab.
Nisab Guidelines in BD
Nisab is the minimum threshold of net wealth that obligates a Muslim to pay Zakat.
Financial Literacy Guide for Bangladesh
1. Emergency Fund Rule (জরুরি তহবিল)
Keep at least 3 to 6 months of mandatory household expenses in highly liquid instruments like MFS (bKash/Nagad), savings accounts, or short-term FDRs before locking money into long-term investments.
2. Sanchayapatra vs DPS vs Stock Market
National Savings Certificates (Sanchayapatra) provide government-backed security with tiered rates. Commercial bank DPS offers discipline for salaried workers. Capital market instruments provide inflation-hedging at higher market risk.
3. Credit Score & CIB Report
Bangladesh Bank's Credit Information Bureau (CIB) records every loan and credit card default. Maintaining timely payments prevents credit card interest cascades reaching up to 20% p.a.
Helpful Resources
- • Bangladesh Bank: Central bank circulars & regulatory rates
- • NBR: Income tax brackets and e-TIN return guidelines
- • CIB Portal: Credit status verification for prospective borrowers