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The instructions contained in BCD Circular No. 6 of 1979 are withdrawn with immediate effect.