Are charges or profit for BRAC Bank Staff Savings 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 Staff Savings

Offered by BRAC Bank

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

Effective 1 October 2026 3% Indicative — confirm with the bank

About this product

Overview

BRAC Bank deposit interest rate sheet, ALCO Circular 2026/10, effective 1 October 2026. The sheet prints 3.00%. 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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Published ledger

Current rates & charges

Active rate ledger: Effective from October 1, 2026 (0 historical revisions tracked).

Tenure / specification	Rate type	Current rate	Effective date
Effective 1 October 2026	Interest Rate	Current 3%	October 1, 2026

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.

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 Staff Savings 3%

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