V

("til$ff qffis crfcwFefsfrrf{ qqr)

qqersT|Efr
<T(qlcr?'.iq-{-sr{
qd vq"nqr
qqsftq qpfi Rsr"l

"tfrsg-{t-t'l{T
EM'I9F

l\r"

s^[R{, rro ST qo){)v qf{1T )8)b

4(-ob.oe9.oo.oo.oo{.to)Va.\a-q-{s'l-{The Wage Earner DevelopmentBond

Rules, 1981 (Arnendedupto 301061201
1); The US Dollar premium Bond Rules,
2002 (Amencledupto 1511212010)
e<i The US Dollar InvestmentBond Rules, 2002
(Amended LrptoI5ll2l201 0) F1mlstc{ qfis-s-<q(r"ttq{ sfr-q.{qrTs-

--

Thc WageEarner f)evelopment

Bond Rules,1981(Amended
upto 3010612011)
\ rule (rr)a@1p. eRK"'C)ffice of Issue'meansthe office or branchof a bank that issuesthe bonds
which It'tt-tsthold Ar-rthorizedDealership in Foreign Exchange from
Barrgladesh Bank. A Foreign branch, RepresentativeOffice, Foreign
Cot'r'cspondent/Exchange
Companyof an AuthorizedDealer Bank may also
act as an office of issue and any other specialbooth that the Government
ma)' tlccideto open fbr promotingthe saleof the Bond,"

?t)

G{R-gs Rules R Rule 4 {R Sub-rule(l) .{RqFTfrxqq Subrulc (l) A@lppeRcr-

" 4. M:rturityo denomination, etc.- (l) The Bond(s) shall mature for
pavrnerlton or after five years from the date of its purchasebut the Bondholclu'nlay surrenderthe Bond(s) and encashthe ru*. at the paying office
-amount
aftel sir months of purchasewhen he will be paid the principaf
togetlrcrwith intereston prematureencashmentat the rate specifiedbelow:Premature Encashment
nate of int"i*ii payaue
(a) []cfbre six monthsfiom the dateof issue. No interest.
(b) OIr completionof six monthsbut before
8.7}%interest for six
one year.
months.
(c) on completionof one year but befo,re11
9.45d/oroion. il"u,r:.
rs.
-\,ea
(d) ( )ti cornpletionof lt/zyearsbut beforetwo 10.20%for I yrvears.
Years.
(e) ( )rr contpletionof two yearsand thereafter. ll.20to/ofoi + il,
i"uri.
( )' completionof five yearsand
(0
12% (including-0.g,o*
thereafter.
SSp*)
* S Sl ) - S o c i aSl e c u r i t yp r e m i u m . "

JL

Note:- Half:yearly interestif drawn for any half-year shall be adjustedfrom

the tttlount allowed on the above basis. Social Security Premium will be
availableonly for redemptionon maturity."

't)
G"fR-SsRules R Rule 4 e< Sub-rule (2) qK q6EfrF"t Subrule (2) q@t|'|s ERT{.fhe
Bond-holderwill be entitledto draw intereston half-yearlybasis
"(2)
at 12'\t per annum. Any interest,if not drawn, will be paid with principal
anroLtnton maturity with the benefit of compoundinterestat 12% on halfyearlr basis.
"

B"fR-EwRules 4K Rule 4 eR Sub-rule (3) qRq6Efufi1 SubR)

qftqrulc (:) @f5
.l'he
bond(s) shall be issued in the denominationsof Tk. 25,000;
" (j )
50.0(x):1.00,000;
2,00,000;5,00,000;10,00,000
and 50,00,000and in such
other clenominations
as the Governmentmay decidefrom time to time."

E"fR-gs Rules R Rule 14 qR sub-rule(2) q( ErEFmn"tSubs)

rulc(z) e@rc eRK" 1 4 .tl t
slabs:

t-

| (a)

.the

death-riskbenef-rt
will be determinedaccordingto the following

Investment
I"or i nvestmentb-etween

DeathRisk Benefit
40% of the Investment.

t Tli. 25,000andTk. 4,15.000

Iror Investmentb.t*.et,
45% of the Investment:
irur Tk.
5,00,000
andTk. 9,75,000
Investment of Tk. 50% of the Investment.
ILr.r For
10,00"000
andabove

Provided that the maximum amount of death-risk benefit shall not

exceecJ
Tk.5,00,000and that the age of the wage-earnershall not be over 55
yearsat the time of his/herdeath."

D)
B"tR-gs Rules R Rule 14 qR Sub-rule (3) qR 'Fr fufi1 Subrulc(4) )T(6qf&sERGqbuysbondstotallingBDT 80,000,000
"(4) I1'apurchaser
(EightyMillion) or
abovc.he/shewill be treatedas C.I.P.Providedthat the C.I.P statusof a
Bond holderwill be ceasedif his/herinvestment
in this bond goesbelow
BDI' 80.000,000
(EightyMillion) because
of subsequent
encashment
andon
his/hcr failure to attain the limit of BDT 80,000,000(Eighty Million)
throLtshfr-rrther
investmentin the B"ondwithin threemonthsof encashment."
/-

.a

.Y

R)

E{R-E$ Rules 4R Rule 19 eR Sub-rule(2) c< gcn fdTfit Sub-rule(2)

ffFoeRK"(2) After beingsatisfiedaboutthe identityand genuineness

of the statement
of the
a p p l i c a n t ,t h e P a y i n g O f f i c e w i l l i m m e d i a t e l yr e c o r d t h e ' s t o p p a g e ' i n S t o p
Register as well as in tlre Stop Cards appendedin the Issue Registerand
E,ncashttrent
Registerand issuean interim'Stop Advice' to the Public Debt Office
f o r s i r n i l a ra c t i o nb y t h e l a t t e r .
'fhe

PayingOffice shallsimultaneously
acknowledgethe receiptof the stop
noticc to the holderor the nomineeconcernedwith adviceto reportthe loss,theft
or tlestructionto the local police station and submit a copy of the repoft
acknou,ledged
by the policestationto the PayingOffice."

q)
B{R-S$ Rules RRule 19 e< Sub-rule(3)e< grt fiTst Sub-rule(3)
Efrqrfts Etr<"(3) As soon as the copy of report from the police stationregardingloss, theft or
destrLrction
o1'thebond is received,the correctness
thereofwill be verified by the
Ofllcc of Issueby a referenceto the prescribedIssueRegister.The Paying Office
will also flnd out if the requirements
as indicatedabovehave beencompliedwith.
Thc dateof acknowledgement
of the reportfrom the police stationwill be entered
in thc prescribedRegisterof Lost, Stolenor DestroyedBonds.After expiry of two
morrthsf}om the date of acknowledgementof said report from the police station
anclon firrrrishinga bond of indemnityexecutedin the prescribedForm,the holder
will [rc entitledto have a duplicateBond(s)and the PayingOffice will,,after fully
satislring itself, issuethe duplicateBond(s)under adviceto its Head Office and
thc l'trblic Debt Office. The Bond(s)will be issuedunderthe sameserialnumber
ancjclateand with the sarneparticularsas embodiedin the original Bond(s)and the
worcl "DIJPLICATE" shall be recordedin red ink at the right hand top of the
B o n c l ( s i)s s u e di n p l a c eo f t h e o r i g i n a lo n e .A s u i t a b l en o t e r e g a r d i n gt h e i s s u eo f
t h e d t r p l i c a t es h a l l b e r e c o r d e da g a i n s t h e B o n d n u m b e ra p p e a r i n gi n t h e I s s u e
R e g i s t ca
r s a l s oi n t h e p r e s c r i b e S
d t o pR e g i s t e r . "

B"rR-UsRules4RRule 19 e< Sub-rule(4)< gcnm"i

<l)
Etr'rqtflqgqkq-

Sub-rute(4)

" ( 4 ) l i e e sf o r d u p l i c a t eB o n d : -

(a) lices in the scale specified below shall be realized while entertaining
rc1-rort
of loss,theft or destructionof Bond(s) requiringissueof duplicate
arrciin no casethis f-eeshallbe refunded:-

lrrrreachBond of Tk. 25,0001-.50"000/-and

r.00.000/Iior

each

Bond

of Tk.

10,00,000/-and

50.00"000/I'rovidedthat the rate of fee may be changedby the Governmentfrom

tinrcto time. "

ys

a, I

The uS Dollar Premium Bond Rules, 2002 (Amended upto

15t12t20r0)
U"fR-EsRules R Rule 2 R Sub-rule (5) qK qrn Frln"t SubT)
rulc (s) afuElflg qAK"'O llice of Issue' meansthe office or branchof a bank that issuesthe bonds
which must hold Authorized Dealership in Foreign Exchange from
Bangladesh Bank. A Foreign branch, RepresentativeOffice, Foreign
Correspondent/Exchange
Companyof an AuthorizedDealer Bank may also
act as an office of issue and any other special booth that the Government
ma) clecideto open fbr promotingthe saleof the Bond;"

ef)

B"tR-gFRules d Rule l1 eKqcqFtTs"tRule 11 eRtfb

qtc(-

" I l. ['ayment to the heir (s) of the deceasedholder:

The heir(s) of the deceasedholder of the Bond shall producethe probateof
the riill of-the holder or the lettersof administrationof his/her estateor a
st-tcccssion
certificate r-rnderthe SuccessionAct, 1925 (XXXIX of 1925)
within 6(six) months of the death of the holder. In the event of failure to
prodLrcethe abovedocument(s) in supportof the claims underthe bond,the
issLringauthority shall puy the sum due on the Bond to the person(s)who
appear(s)to be entitledto receivethe sameunderthe law. The heir(s)will be
entitled to draw principal amount,interestand deathrisk-benefit,if any, in
Bans.ladeshCurrency in casethey are residentsand principal amount and
deathrisk-benefitin US Dollar in casethey are non-residents."

't)
U"fR-UsRules R Rule 14 q Sub-rule (2)(d) f{imc{ {(rrt&s
ERr<"(d) In the event of the death of the holder of the Bond, the nominee if
resiclcntshall be entitledto draw the death-riskbenefit in BangladeshTaka.
Provicledthat death-riskbenefit will be payablein foreign exchangeif the
nonrirrce
is a non-resident."

S"tR-EsRules K Rule 19 ,4<Sub-rule (2) qRqrE F6fi"t Sub\)

rulc (Z)a@1PP eRK"(2 ) ,\fter being satisf-redabout the identity and genuinenessof the
statenientof the applicant,the Paying Office will immediatelyrecord the
'stopp:rge'in
Stop Registeras well as in the Stop Cards appendedin the
Issue l{egisterand EncashmentRegisterand issuean interim'Stop Advice'
to the l'ublic Debt Ofhce fbr similar actionby the latter.
The Paying Ot1ice shall simultaneouslyacknowledgethe receipt of
the stop notice to the holder or the nomineeconcernedwith advice to report
the krss.theft or destructionto the local police stationand submit a copy of
the lcpurt acknowledgecl
by the police stationto the PayingOffice."

Qa

E{R-Bw Rules (n Rule lg R Sub-rule(3)qRqcq frXfr"fSubs)

rule(3)EW|-sqRcr"(3) As soon as the copy of report from the police station regarding
loss,
thefi or destructionof the bond is received,the correctnessthereof
will be
verilled by the Office of Issue by a referenceto the prescribed
Issue
Register'.The Paying Office will also frnd out if the requirements
as
indicatedabove have beencompliedwith. The date of acknowledgement
of
the |cport tiom the police stationwill be enteredin the prescribeJ
Register
of l.ost. Stolen or DestroyedBonds. After expiry of tw; months from
the
datc of' acknowledgementof said repoft from ihe police station
and on
furtrishir-rg
a bond of indemnityexecutedin the p..r.iibed Form, the holder
will be entitledto have a duplicateBond(s)and ine laying Office
will, after
firllr satisfyingitself, issuethe duplicateBond(s) undlr advice
to its Head
Oflrcc and the Public Debt Office. The Bond(s) will be issued
under the
sall'lcserial number and date and with the same particulars as embodied
in
the original Bond(s) and the word "DUPLICATE" shall be recorded
in red
ink at the right hand top of the Bond(s)issuedin place of the original
one.A
sr'ritlrble
note regardingthe issueof the duplicateshall be recoidedagainst
thc llorld number appearingin the Issue Registeras also in the p..rJrib.d
Stop l{egister.
"

D)
S{R-gs RulesRRule 22 ,q<Sub-rute(a)(i)qRqrE Frm"t
Subrulc (a)(i) qfi'qfPFoeRfE"22. (aXi) Commission will be paid to the office of issue at the
folkru'ingrates :'o(--trttitttission
will be paid to the Authorized Dealer Banks/Agentsat 0.5o/o
on thc f-acevalue of the bond for selling and re-selling/re-issuing
the Bonds
abroacirespectivelyand equivalent Bingladesh Taka for
selling and resellirrg/re-issuing
the Bonds within the country.BangladeshBank
iggl may
pa) the commissionto the Authorized Dealer (AD)
banks in Bangtadesh
Taltit (BDT) within two working days by debiting
the appr"opriate
Gor ernmentAccount;
Providedthat the rate of above commissionmay be changed
by the
Govcrr-rrlent
fiom time to time. "

ev

e I

Thc tis Dollar Investment Bond Rules, 2002 (Amended upto

1s/12t20r0)
E"rR-BsRules K Rule 2 e< Sub-rule (4), (5) ,4<((6) q< gcn friffit
T)
Sub-rule(4), (5) ,{<((0) q@Pp EtK" ( 4 ) ' N o r l i n e e ' m e a n st h e p e r s o n ( sn) a m e db y t h e p u r c h a s eor f t h e B o n d t o r e c e i v e
the atnrourrt(s)
due againstthe Bond includingthe interestaccruedand death risk
benellt.il'any, in the eventof the deathof the holderof the Bond; "
(5) 'Olfice of Issue' meansthe office or branchof a bank that issuesthe bonds
which nrusthold AuthorizedDealershipin ForeignExchangefrom Bangladesh
Bank.
A Foreign branch, RepresentativeOffice, Foreign Correspondent/Exchange
Contpitttl,of an Authorized Dealer Bank may also act as an office of issueand any
other spccialbooth that the Governmentmay decideto open for promotingthe sale
ofthe llond:"
( 6 ) ' P a r i n g O f f i c e ' m e a n st h e o f f i c e f r o m w h i c h t h e i n t e r e s t ,h e p r i n c i p a vl a l u ea n d
deathrisli benefit,if any, and the surrendervalueof the Bond will be paid."

{)
4.
(l)

E{R-BwRulesKRule4 e<Wqfufrot Rule+ q@15 ERc{N'laturitv.denomination.etc.

l-he U.S. Dollar InvestmentBond(s) shall be maturedfor paymentafter
completionof threeyearsfrom the date of its issue.The Bond holderwill
be entitledto draw intereston half-yearlybasisat 6.5% fixedrateper annum
in Lj.S. Dollar. However, the Bond holder may surrenderthe Bond(s)
befbre maturity and encashthe same at the paying office in which case
irrterest
will be paid as under:

(a)

Encashment
Within one year from the dateof issue.

(b)

Aftercornpletion
of oneyearbut within
two years.

(c)

After completion of two years but

within threeyears.
After completionof 3 years.

(d)

Interestpayable

No interest.
5.5%
6.0%
6 . 5%

In caseof prematureencashment
the Bond holderwill be entitledto draw
interestonly for the completedone year, for example,if the Bond holder
desiresto encasha Bond at the expiry of one year and seven months
he/shewill receivethe interestfor one year only. In that case difference
betweenthe interestdrawn earlierand interestadmissibleundertheserules
rvill be adiustedfrom the principal,,
if necessary.

(2)

'The
Bond(s) shallbe issuedin thedenominations
of US$500,
$1000,
55000,
$ 10,000
and$50,000
and in suchotherdenominations
as the Government
rraydecide.

(3)

The purchasercan purchaseBond of any amount in multiplesof US$500

w i t h o u t a m a x i m u ml i r n i t .

(4)

For investmentof US $10,000and above,subjectto an initial investmentof

in one instance,the concernedpurchaserwill be providedwith
LJS$10,000
death-riskbenefitas providedin Rule 14.

(5)

'l'he

Bond shall not be transferableexcept as a security for any loan from

any scheduledbank in Bangladeshsubjectto such conditionsas may be
Bank.
determinedby Bangladesh

(6)

I'he principal and interestwill be payablein US Dollar to the holder or

his/hernomineeas per rule 9. The principaland interestamountdue to the
currencyif opted
holderor his/hernornineemay alsobe paid in Bangladesh
nominee.
lbr by the holder/
the
On maturity,if a holderfails to encashthe Bond(s)in his possession,
principal amount of the Bond(s) shall be treatedas reinvestedfor any
numberof terms of threeyearsor repatriatedabroadin foreign exchangeor
with rule l8(4).
rnaybe creditedto the F.C accountin accordance

(7)

ilre money investedin the purchaseof Bond(s) shall be exempt from tax
payableunderthe lncome-Taxact, 1922(Xl of 1922).

(8)

on the investmentin the Bond(s) shall be free

l'he interestaccrued/earned
fiom income-taxand it shallnot be addedto the total world income.

(e)

After the death of the Bond holder the interestof the Bond will be
till the rnaturityof the Bond(s).
accrued/counted

'f)

B"rR-BsRules K Rule 7 q< Sub-rule(l) qKEcEfrifr{ Sub-rule(l)

ffitgqem"( I ) I he purchaser,where he/shehirnselflherselfis a Foreign currencyearner

intenciingto purchasethe Bond shall mentionin his/herapplication,the nameand
addressof the personwho shall be his/hernomineeto receivethe value of the
Boncl. interestpayablethereonand the death risk benefit, if any,,in the event of
d e a t ho f ' t h eh o l d e r . "
q)

E{R-EG Rules K Rule 11 q< WEFwfi{ Rule l l qfuEt|'|-oEeT{-

"l l. l'avment to the heir (s) of the deceasedholder:

holderof the Bond shall producethe probateof the will
TIrc heir'(s)of the deceased
of tlrc lrolder or the lettersof administrationof his/her estateor a succession
Act, 1925(XXXIX of 1925)within 6(six) months
certilicateunderthe Succession
of the clcathof the holder.In the eventof failureto producethe abovedocument(s)
in supportof the claimsunderthebond,the issuingauthorityshall pay the sum due
on thc tlorrdto the person(s)who appear(s)to be entitledto receivethe sameunder
the law. The heir(s)will be entitledto draw principalamount,interestand death
risk-berreflt,if any, in US Dollar provided that they are non-residentsand in
"
Barrgladesh
Currencyin casethey are residents.

7 \)l_,/

02

G{R-EwRules ( Rule 14 q< gcnF6fr{ Rule 14 e< Sub-rule(l),

s)
Sub-rule(2), Sub-rule(3Xa),(3)(b) s (3)(c) q{( Sub-rule(a)afrgtf}|v
EAr<"14. Additional Benefit for SubstantialInvestment:
(l) Wherea purchaser
purchases
Bond(s)for at leastUS$10000at the first instance
and increasesthe investmentby subsequentaddition there to upto his/her death,
he/shervill qualify for a free death-riskbenefitcoveringthe risk of hisiherlife.
Providedthat the Bond(s) rnaturedbeforethe death of the non-residentaccount
holclcrrvill not counttowardsdetermination
of the amountof death-riskbenefit.
(2) | he death-riskbenefitwill be determinedaccordingto the following slabs:Investment
a) For investment between US$
1 0 . 0 0 0a n d U S $ 2 0 . 0 0 0
(b) For investment between US$
2 0 . 5 0 0a n d U S $ 5 0 , 0 0 0
c ) F o r i n v e s t m e nU
t S $ 5 0 , 5 0 0a n c
rbove

Death-risk benefit
l5o/oof the Investment
(Takaequivalent);
20% of the Investment
(Takaequivalent);
25% of the Investment
(Takaequivalent);

Providedthat the maxir.nurlamountof death-riskbenefit shall not exceed

Tk. 10"00,000and that the age of the purchasershall not be over 55 years at the
t i n r eo 1 ' h i sd e a t h .
(3) Irr the caseof the deathof a holderthe death-riskbenefitshallbe paidin the
f o l l o u i. n g r n a n n e r : (a) 1'he Bond(s)are to be submittedto the Pay Office within a periodof 3 (three)
montlr ll'orn the date of death of the holder after which no clairnfor death-risk
benefltshall be entertained.
( b ) l ' l r ct o t a l v a l u eo f t h e B o n d ss u b m i t t e du n d e rs u b - r u l e l 4 ( l )w i l l d e t e r m i n et h e
arnounton which the death-riskbenefitwill be paid and the amountof the deathrisk berrefltwill be calculatedon the basisof slabsmentionedin sub-rulelaQ);
(c)
lrr caseof deathof both the holderand the nominee,the legalheir (s) of the
purclraser
will stepinto the showsof the holderor the nominee,as the casemay be,
and the provisionsof clausel4(3)(a)will operatemutatismutandisin determining
the arnountof death-riskbenefitto be paidand sharingof suchbenefit.
(dl
lrr the eventof the deathof the holderof the Bond, the nomineeif resident
shall be errtitledto draw the death-riskbenefitin BangladeshTaka. Providedthat
the cleatlr-risk
benefitwill be payablein foreignexchangeif the nomineeis a nonresiclent.
(4)
If a purchaserbuys bonds totaling US$I ,000,000(onemillion) (Eighty
M i l l i o r r ) o ra b o v e ,h e / s h ew i l l b e t r e a t e da s C . l . P .P r o v i d e dt h a tt h e C . l . Ps t a t u so f a
B o n c lh o l d e rw i l l b e c e a s e di f h i s / h e ri n v e s t m e nitn t h i s b o n d g o e sb e l o w t o t a l i n g
million) becauseof subsequentencashmentand on his/her
US$ | .(X)0,000(one
failurc to attain the limit of totaling US$1,000,000(one
rnillion) through further
investnrerrt
in the Bond within threemonthsof encashment.
"

ao

<gcnm{
S{R-EvRulesKRule 19e< Sub-rule(2)
D)
ffitgqqc<-

Sub-rule(2)

of the
of the statement
"(2) Atier beingsatisfiedaboutthe identityand genuineness
Stop
t
h
e
'
s
t
o
p
p
a
g
e
'
i
n
r
e
c
o
r
d
w
i
l
l
i
m
m
e
d
i
a
t
e
l
y
P
a
y
i
r
r
g
Office
a p p l i c a n t .t h e
and
Register
Issue
Register as well as in the Stop Cards appendedin the
'Stop
Advice' to the Public Debt Office
Registerand issuean interim
Encaslrrnent
for sinriletractionby the latter.
flre PayingOffice shall simultaneouslyacknowledgethe receiptof the stop
noticeto the holderor the nomineeconcernedwith adviceto reportthe loss,theft
or destructionto the local police station and submit a copy of the report
by the policestationto the PayingOffice."
acknou'ledged

q)
B{R-Bw Rules 4K Rule 19 e< Sub-rule(3)e< gcnfrF{
MqEqer<-

Sub-rule(3)

"(3) i\\ soolt as the copy of report from the police stationregardingloss,theft or
thereofwill be verified by the
destructionof the bond is received,the correctness
Ofllcc of Issueby a referenceto the prescribedIssueRegister.The PayingOffice
as indicatedabovehave beencompliedwith.
will also llrrd out if the requirements
of the reportfrom the police stationwill be entered
The clrteof acknowledgement
in thc prescribedRegisterof Lost, Stolenor DestroyedBonds.After expiry of two
of said report from the police station
rnonths tiom the date of acknowledgernent
in the prescribedForm,the holder
indemnity
executed
tirrnishing
a
bond
of
and on
will tre entitledto have a duplicateBond(s)and the PayingOffice will, after fully
satisfrirrgitself,,issuethe duplicateBond(s)under adviceto its Head Office and
the I'rrblicDebt Office. The Bond(s)will be issuedunderthe sameserialnumber
and dateand with the sameparticularsas embodiedin the original Bond(s)and the
worcl "DIIPLICATE" shall be recordedin red ink at the right hand top of the
Boncl(s)issuedin placeof the originalone. A suitablenote regardingthe issueof
shall be recordedagainstthe Bond number appearingin the Issue
the clLrplicate
Registcras also in the prescribedStop Register."

q)

B"rR-g-sRules 4K Rule 20 q< "K m{

Rule 21 qqrrf&s qATE-

XI. PAYMENT OF DEATH RISK BENEFIT

2 1 . t t t I h e i n i t i a l i n v e s t m e not f U S $ 1 0 , 0 0 0a n dt h e a m o u n ti n v e s t e dt h e r e a f t eirn
the prrrchaseof the Bond(s) shall be taken into considerationfor calculationof
entitledto the death-risk-benefitSmallersums,
cunrulativearnountof investrnent
prior
the
investment
of the first US $ 10,000in one instance
to
if anr,. irrvested
s h a l lt r ce x c l u d e d .
(2)'l hc sunrassuredshallbe workedout accordingto the provisionsof theserules.
'lhe
(3)
shallaccrueonly in the eventof death
lrerrefits
underthe death-risk-benefit
of tlrc lrolderconcernedand it shall relateto the Bond(s)awaitingmaturityon the
date ol'cleath.If the Bond(s)of initial investmentof US $ 10,000matureearlier,
investmentshall only be consideredfor calculationof the assured
the subsequent
sunt at the rate applicable on the cumulative amount of his/her investment
b e g i r r r r i nagf t e rt h e i n i t i a lq u a l i f y i n gi n v e s t m e not f U S $ 1 0 , 0 0 0 ;
9

ar[

(4) In the event of the deathof the holder,the nomineeand, in the event of the
deatho1'boththe holderandthe nominee,the heir(s)ofthe holdershall lodgeclaim
in an applicationsupportedby the deathcertificateand the
of the deatlr-risk-benefit
relevantBond(s)to the IssuingAuthorityconcerned.
(5) Afier fulfilling the requirementsof rule l4 and after proper scrutinyof the
clairls and on due satisfactionon the basis the paperssubmittedand also on
obtaining the due identificationof the claimant(s),the Issuing Authority will
recor.nrnend
the case to the P.D.O. In the meantime,the Issue Authority shall
obtainarrindemnitybond from the claimant(s) and pay the amountto the claimant
(s) irr the proportionin which they have interestin the investmentinvolvedand
approaclrthe P.D.O.for re-irnbursement.
(6) l lrc P.D.O.on beingsatisfiedaboutthe claim shall reimbursethe amountto the
A u t h o r i t yc o n c e r n e d .
Issuirrg

Rf) S{R-gs Rules 4K Rule-21, 22,23 ,4<(24 e< qrE {efto.n Fffi{ Rule22, 23,24 q<( 25 qt'cqflFoEq?RXII. COMMISSION
PAYABLETO THE OFFICEOF ISSUE.
"22. (a)(i) Commission will be paid to the office of issue at the following
r a t e s: ('ornrnissionwill be paid to the AuthorizedDealerBanks/Agentsat 0.5oh
Bondsabroad
luce
valueof the bond fbr sellingand re-selling/re-issuingthe
thc
on
respectivelyand equivalentBangladeshTaka for selling and re-selling/re-issuing
within the country.BangladeshBank (BB) may pay the commissionto
the [']oncls
Taka (BDT) within two working
the ALrthorized
Dealer(AD) banksin Bangladesh
da1,s[r-rclebitingthe appropriate
GovernmentAccount;
l)rovided that the rate of above commission may be changed by the
fiom time to tirne."
Govcrrrrnent
( i i ) S c l l i r r go f t h e B o n d : U p o n s e l l i n go f t h e B o n d ,t h e b a n k w i l l d e p o s i t h e s a l e
procccdsin fbreign exchangeto BB within two working days. BB will deposit
government
account;
to
equii,alerrt Taka
the
appropriate
(iii)
lrncashmentof the Bond: Upon encashmentof the Bond, the Authorised
Dealer'(AD) bank will pay the value to the bond holder under rule 4 in foreign
from the BB
exchangeor in Taka, at holder'soption and will seekreimbursement
and flll will reimbursewithin two working days, by debiting the appropriate
govenrnrentaccountand settlein foreign exchangewhere the claim is in foreign
exchunge.
(iv)
I{einrbursement
of interestpayments:After payrnentof interest,the paying
offrce u,ill seekre-imbursement
from BB. BB will reimbursewithin two workins
governmentaccount.
daysb1 debitingthe appropriate

l0

XIil. TI{E I{EADS OF GOVERNMENT ACCOUNT

TO BE CREDITED/DEBITED BY P.D.O.
Accountwill be involvedfor proper
23. The followingheadsof Government
:
Bond
the
to
relating
of thetransactions
accoLrnting
ReceiptsHead
I)[ t r
Srr l e p r o c e e d so f U . S . D o l l a r I n v e s t m e n t As allotted by the MinistrY of
Finance
ll ond
I{ecoveries of Penal interest for late As allotted by the MinistrY of
Finance
( l leposit of sale proceedsof U.S. Dollar
l rrvestmentBond.
t)
of
t \ eceipts of fees for issue of duplicate As allottedby the MinistrY
Finance
t I . S .D o l l a r I n v e s t m e nBt o n de t c .
Expenditure Head
l )al,rnent of face value of U.S. Dollar As allottedby the MinistrYof
Finance
l l rvestmentBond on maturity
As allottedby the MinistrYof
basis
half-yearly
[)avrnentof intereston
( )r w i t h t h e r e d e m p t i o nv a l u e o f U . S . Finance
t )ollar InvestmentBond on maturity
)ay'mentof commissionand management As allotted by the MinistrY of
I'
Finance
e: o s t .
As allotted by the MinistrY of
l l avrnentof Death-RiskBenefit.
Finance
t l

XIV. MAINTENANCE OF RECORD

lr'onnsand Registersmentionedin theserules for the administrationand
24.
etc. of the Bond(s)will be prescribedby the
of issue,encashment,
lnanilgcrnent
p.D.(i. cxceptthe ApplicationForm.The P.D.O.is herebyempoweredto introduce
furtlrcr.Forrns and Registersand issue any executive order/ordersas and when
of the affairsof the Bond and the
expedientfor the smoothmanagement
corrsirlcred
s f t h e P . D . O .i n t h i s b e h a l f .
I s s g i r r sA u t h o r i t ys h a l lc o m p l yw i t h t h e d i r e c t i v e o
XV. FUNCTIONS OF P.D.O.
(l)
The Public Debt Office shall receivethe supply of the copies of
ZS.
govcrnnrentnotifications,rules, applicationforms and the Bond scrips from
Minisrr.ro; Financeand ensuresupplythereofto the Offices of issuethroughthe
and records.
IssuinsAuthority againstproperacknowledgement
'The
etc.of
of sale,encashment,
(2)
controland supervisionin the management
the Flerrdshall rest with the P.D.O.Monthly progressivepositionof sale shall be
the IssuingAuthoritiesto the P.D.O.by the lOth of the following month
adviscdb1,,
to whieh the salerelatesand the P.D.O.will advisethe positionto the Government
by thc lOth of the samemonth.

ll

Gv

(3)
I lre expenditureon postage,telegramcarriage,carlageand other incidental
of the Bond(s)incurredby the P.D.O.
mattersin connectionwith the management
shall lre reimbursedby the Government.
'l-he
(4)
P.D.O. shall be paid a commissionof Tk.5000 per one crore per
annLnnpayablehalf-yearlyon the amount of sale as on the 30th June and 31st
b er .
Decern

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