Are charges or profit for BRAC Bank Corporate Current Shimahin subject to government tax?

Yes, in accordance with National Board of Revenue (NBR) regulations, bank processing fees incur a statutory 15% VAT, and deposit/savings profit yields are subject to withholding tax (10% with TIN, 15% without TIN) deducted at source.

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BRAC Bank Corporate Current Shimahin

Offered by BRAC Bank

Last verified: October 1, 2026 · Published schedule · View official source

Rate Confirm with bank Indicative — confirm with the bank

About this product

Overview

BRAC Bank deposit interest rate sheet, ALCO Circular 2026/10, effective 1 October 2026. CCHAR. No fee in inter-city cash transactions. Interest is 1.00% at 10 crore and above, 0.75% from 5 crore to below 10 crore, and 0.50% below 5 crore. Those bands are not collapsed into one rate. Confirm the current rate with the institution before comparing.

Published terms

Product specifications

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Published schedule

Published ledger

Current rates & charges

Official rates are being verified or updated. Please consult official institution channels for real-time schedule of charges.

Provenance

Source & verification

Official source BRAC Bank Deposit Interest Rate, effective 1 October 2026 (Last verified: October 1, 2026) View official source

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AllOfBD provides independent product discovery and rate comparison. Published terms, fees, and profit rates are verified against official Bangladesh Bank circulars and published institutional disclosures. Final approval, underwriting, and account opening terms are governed exclusively by the issuing financial institution.

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BRAC Bank Corporate Current Shimahin Confirm with bank

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