Are charges or profit for BRAC Bank Special Notice Deposit 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 Special Notice Deposit

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. SASTD. 3.00% at 100 crore and above, 1.50% from 50 crore to below 100 crore, 1.25% from 25 crore to below 50 crore, 0.75% from 1 crore to below 25 crore, and 0.25% below 1 crore. The sheet also applies this matrix to Corporate Current Elite Plus and other products with a similar rate matrix. The scheme is not changeable and the rate is not customizable. Those bands are not collapsed into one rate. Confirm the current rate with the institution before comparing.

Published terms

Product specifications

Auto-debit facility: Not available
Auto-renewal: No

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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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Direct link to BRAC Bank

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.

Disclaimer

AllOfBD is an information, comparison and discovery platform. Financial products are offered by their respective institutions. Product terms, eligibility, rates, approval and final decisions are determined by the relevant institution or government authority. Users should verify current information through the official source before making financial decisions.

BRAC Bank Special Notice Deposit Confirm with bank

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