No Excise Duty on Bank Deposits Up to Tk 4 Lakh
Representational Image. Collected.
The government will not collect excise duty on bank deposits up to Tk 4 lakh. Currently, the government collects excise duty annually on the maximum deposit or balance in a bank account. Under the existing rules, if the balance in any bank account exceeds Tk 3 lakh at any time during the year, this duty becomes applicable at a specified rate.
Banks typically deduct this duty once a year, particularly at the end of December. From the next fiscal year, excise duty on bank deposits up to Tk 4 lakh has been withdrawn.
Finance Minister Amir Khasru Mahmud Chowdhury has been presenting the proposed budget for the 2026-27 fiscal year since 3:00 PM today, Thursday. He is presenting the proposed budget at the National Parliament building.
Prior to this, the proposed budget for the 2026-27 fiscal year was approved in a special cabinet meeting chaired by Prime Minister Tarique Rahman.
