The interim government is set to increase the interest rates against various savings certificates to upwards of 12 percent as it looks to provide some relief to the fixed income group squeezed by the elevated inflation.

What are the new conditions for purchase of savings certificates? How will the new rules affect the lives of the general mass? In today’s Straight from Star Newsroom, Ahsan Habib discusses the issue with The Daily Star Reporter Rejaul Karim Byron.

Non-bank financial institutions (NBFIs) have been witnessing a persistent fall in deposits for the past one year as many clients withdrew their savings to manage expenses amid the soaring cost of living and lower returns.

Former agriculture minister Matia Chowdhury yesterday blasted Finance Minister AHM Mustafa Kamal for his budgetary proposal to increase tax at source on family savings certificate from five percent to 10 percent.