The Bangladesh Post Office is not only a place to send letters and parcels. It also helps people save money safely. One of the best ways to save money with the post office is through Fixed Deposit Schemes. These savings schemes are popular because they offer good interest rates and are backed by the government. This article will explain the Bangladesh Post Office Fixed Deposit Interest Rates in simple words, so everyone can understand.
Contents
- 1 What is a Fixed Deposit?
- 2 Bangladesh Post Office Fixed Deposit Schemes
- 3 Latest Interest Rates (As of 2025)
- 4 Example Calculation
- 5 Who Can Open a Fixed Deposit?
- 6 Documents Needed
- 7 Where to Open a Post Office Fixed Deposit?
- 8 Benefits of Bangladesh Post Office Fixed Deposits
- 9 Things to Remember
- 10 How to Withdraw the Money?
- 11 Can You Take a Loan Against FD?
- 12 Is There Any Tax?
- 13 How to Check Interest Rates?
- 14 Summary Table
- 15 Final Words
What is a Fixed Deposit?
A Fixed Deposit (FD) is a type of saving where you keep your money for a fixed period of time. During this time, you cannot withdraw the money. In return, the bank or post office gives you a higher interest rate than a normal savings account.
At the end of the fixed period, you get back your money with the interest. The longer the time, the higher the interest you may get.
Bangladesh Post Office Fixed Deposit Schemes
The Bangladesh Post Office offers different types of Fixed Deposit schemes. These are designed for regular people, especially those who want to save small amounts every month. Some of the popular schemes include:
1. Post Office Savings Bank (POSB) Time Deposit Account
This is a normal fixed deposit account.
- You can open the account in single or joint names.
- You deposit a fixed amount for a fixed term like 1 year, 2 years, 3 years, or 5 years.
- You get a fixed interest rate, which is declared by the government.
- You can take back your money after the term ends, along with interest.
2. Post Office Monthly Income Scheme (MIS)
This is for people who want a monthly income from their savings.
- You deposit a large sum one time.
- Every month, the post office gives you interest money.
- The money is paid for 5 years, and at the end of 5 years, you get back your original deposit.
3. Post Office Fixed Deposit for 5 Years (Five-Year Term Deposit)
This is the most popular long-term saving option.
- You deposit a fixed amount once.
- The term is 5 years.
- You get a high interest rate.
- After 5 years, you get back your full money plus interest.
Latest Interest Rates (As of 2025)
The interest rates in Bangladesh Post Office can change every year. The rates are set by the Bangladesh Government. Below are the current interest rates for different deposit terms:
| Term | Interest Rate (per year) |
|---|---|
| 1 Year | 7.00% |
| 2 Years | 7.25% |
| 3 Years | 7.50% |
| 5 Years | 7.75% |
| MIS (5 Years) | 8.00% monthly |
Note: Rates may change. Please check at your local post office for the latest update.
Example Calculation
Let’s see an example to understand how much money you can earn from a post office fixed deposit:
Example 1: 5-Year Term Deposit
- Deposit amount: BDT 100,000
- Term: 5 Years
- Interest Rate: 7.75% per year
Total Interest in 5 Years =
= 100,000 × 7.75% × 5
= 100,000 × 0.3875
= BDT 38,750
Total Amount after 5 years =
= 100,000 + 38,750
= BDT 138,750
Example 2: Monthly Income Scheme (MIS)
- Deposit amount: BDT 200,000
- Interest Rate: 8% annually
- Monthly Income = (8% of 200,000)/12
= (16,000)/12
= BDT 1,333 per month
So, you will get BDT 1,333 every month for 5 years.
Who Can Open a Fixed Deposit?
To open a fixed deposit account at the post office, you need to meet these requirements:
- Be a Bangladeshi citizen
- Age 18 years or older
- Have a valid National ID card (NID)
- Have two passport size photos
- A Nominee’s information (in case something happens to you)
You also need to fill a form and provide the deposit money (cash or cheque).
Documents Needed
- National ID Card (NID)
- Two passport-size photos
- Nominee’s NID and photo
- Completed application form
- Money for the deposit
Where to Open a Post Office Fixed Deposit?
You can open a fixed deposit account at any District Post Office or General Post Office (GPO) in Bangladesh. Some Upazila Post Offices also provide this service.
It is good to ask the post office staff before going, to check if they offer the fixed deposit services.
Benefits of Bangladesh Post Office Fixed Deposits
There are many benefits of saving money through the post office:
1. Safe and Secure
Your money is safe because the post office is run by the Bangladesh Government.
2. Attractive Interest Rates
The interest rates are usually better than bank savings accounts.
3. Simple Process
You do not need a high education to open the account. The forms are simple and staff help you fill them.
4. Suitable for Rural Areas
Post offices are present in every corner of Bangladesh, even in remote villages.
5. No Market Risk
Unlike stock markets, your money does not go down. You get your money and interest after the term.
Things to Remember
- You cannot take out money before the maturity date. If you do, you may lose part of your interest.
- Always keep your deposit receipt safe.
- If the account holder dies, the money goes to the nominee.
- You must update your contact information if it changes.
How to Withdraw the Money?
At the end of your fixed term (for example, 5 years), you can go to the post office and request to withdraw your money. You need to bring:
- Original deposit certificate
- Your NID
- Filled withdrawal form
The post office will verify your details and give you your money.
Can You Take a Loan Against FD?
Some post offices allow you to take a loan against your fixed deposit. This means you can borrow some money while your deposit is still with the post office. But this depends on the post office policy, and not all branches offer it.
Is There Any Tax?
Yes, in some cases, Tax Deducted at Source (TDS) may apply to your interest earnings if they are large. You may consult a tax expert or the post office for clear information. For most small savers, this is not a big problem.
How to Check Interest Rates?
You can:
- Visit your nearest post office
- Call the Post Office Helpline
- Visit the official website of the Bangladesh Post Office
- Read government circulars published in newspapers
Summary Table
| Feature | Details |
|---|---|
| Organization | Bangladesh Post Office |
| Type of Scheme | Fixed Deposit (Time Deposit) |
| Minimum Age | 18 years |
| Term Options | 1, 2, 3, or 5 years |
| Interest Rate | 7.00% to 8.00% (depending on term) |
| Monthly Income Option | Yes (via MIS Scheme) |
| Safety | 100% Government-Backed |
| Documents Needed | NID, Photos, Nominee Info, Application |
| Tax | May apply (TDS) for large deposits |
Final Words
Saving money is very important. The Bangladesh Post Office gives people a safe and simple way to grow their savings with fixed deposits. With good interest rates, simple rules, and trust of the government, many people in Bangladesh choose post office fixed deposits to secure their future.
Whether you are in a city or a village, the post office is there to help. If you have some money saved, consider putting it in a Post Office Fixed Deposit and earn extra income without risk.