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Withdrawals outpaced investments in the first half of FY23

In contrast to new savings certificate investments, the demand for money withdrawal has grown dramatically in the first half (H1) of the current fiscal year. According to data analysis, investors with savings certificates withdrew Tk3,106 crore more than they had invested between July and December of FY23, although investments in savings certificates increased by Tk9,589 crore.

From July to December of FY23, consumers invested Tk40,471 crore in National Savings Certificates, according to the most recent data from the Bangladesh Bank. However, investors removed Tk43,578 crore during that time. That indicates either a decline in net sales or a Tk3,106 crore increase in withdrawals over investments.

 

 

Source for more details:   

Dhaka Tribune

 

Source for more details:

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