Presidents/CEOs/MDs,
All Banks/DFIs
Dear
Sirs/Madam,
RATES
OF RETURN ON DEPOSITS
In
continuation of BPD circular No.20 of 2003, it is clarified
that banks/DFIs may offer different rates of return to their
depositors/investors in the same category. However, banks/DFIs
should follow the principles of openness, fairness and prohibition
of discrimination based on ethnicity, region, religion,
sex, age, profession and marital status while offering the
rates of return on deposits and while pricing the loans
to their customers.
The instructions contained in
BCD Circular No. 6 of 1979 are withdrawn with immediate
effect.