National budget: Excise duty exemption on bank deposits raised to Tk3.0 lakh

move aimed at providing relief to the public and boosting bank deposits, the government has proposed raising the excise duty exemption limit on bank deposits to Tk 3.0 lakh in the budget of fiscal year 2025-26. Currently, an excise duty of Tk 150 is levied if a bank account balance exceeds Tk1.0 lakh at any point during a year. Under the proposed budget, account holders will only be

move aimed at providing relief to the public and boosting bank deposits, the government has proposed raising the excise duty exemption limit on bank deposits to Tk 3.0 lakh in the budget of fiscal year 2025-26.
Currently, an excise duty of Tk 150 is levied if a bank account balance exceeds Tk1.0 lakh at any point during a year.
Under the proposed budget, account holders will only be