Are charges or profit for SBI Bangladesh Double Your 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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SBI Bangladesh Double Your Deposit

Offered by SBI

Last verified: October 3, 2026 · Published schedule · View official source

Rate 6% Indicative — confirm with the bank

Min Deposit ৳50,000
Tenure 12 Years

About this product

Overview

The bank page states 6% a year, a 12-year tenure, a minimum of Tk 50,000, and a maturity of Tk 203,279 per lakh. The page marks those figures with an asterisk. A secured overdraft of up to 90% is described at 2.50 percentage points above the deposit rate.

Published terms

Product specifications

Minimum deposit: ৳50,000
Tenure options: 12 Years
Payout frequency: Half_yearly
Auto-debit facility: Available
Auto-renewal: No
Loan against deposit: Secured overdraft up to 90% of the deposit, at 2.50 percentage points above the deposit rate, as stated on the bank page.
Account opening: All

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Published ledger

Current rates & charges

Active rate ledger: Effective from October 3, 2026 (0 historical revisions tracked).

Tenure / specification	Rate type	Current rate	Effective date
Standard rate	Interest Rate	Current 6%	October 3, 2026

Interactive decision tool

FDR yield & profit estimator

Published rate 6.00% p.a.

Fixed deposit principal ৳200,000

৳50,000 ৳2,000,000

Deposit term

Estimated maturity value ৳0 Full tenure payout

Gross interest / profit ৳0

Equivalent monthly yield ৳0 / mo

*Subject to NBR withholding tax (10% with TIN / 15% without TIN) deducted at source on interest payments.

Provenance

Source & verification

Official source SBI Bangladesh Double Your Deposit (Last verified: October 3, 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.

SBI Bangladesh Double Your Deposit 6%

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