Are charges or profit for Premier Bank Education Savings Scheme (ESS) 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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Premier Bank Education Savings Scheme (ESS)

Offered by Premier Bank

Last verified: October 2, 2026 · Published schedule · View official source

Rate Confirm with bank Indicative — confirm with the bank

Frequency Monthly

About this product

Overview

Named in the bank 2024 annual report deposit list. Confirm the current rate with the institution before comparing.

Published terms

Product specifications

Payout frequency: Monthly
Auto-debit facility: Available
Auto-renewal: No
Account opening: All

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Published ledger

Current rates & charges

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

Interactive decision tool

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This product has no published rate. Confirm the current rate with the institution before estimating a payment or maturity.

Provenance

Source & verification

Official source Premier Bank Education Savings Scheme (ESS) (Last verified: October 2, 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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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.

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