Dhaka, Jan. 4 -- The government has withdrawn its decision to cut interest rates on some national savings certificates.

As a result, investors will receive the same returns as before for the first six months of this year, January through June, the Internal Resources Division Secretary Abdur Rahman Khan said on Sunday.

"It appears the previous rates have been maintained in the official notification. If not, it will happen shortly," he added.

The Department of National Savings under the Internal Resources Division (IRD), however, has yet to announce the suspension of the returns ceiling cut.

Earlier, it said the reduced interest rates -- lowered in several categories -- would be effective from the first day of the year.

Published by HT...