Dhaka, Jan. 1 -- The government has begun the new year with another cut in interest rates on National Savings Certificates, dealing a fresh blow to middle-income families and retirees who rely on these instruments for regular income.

The Internal Resources Division (IRD) announced that the revised rates took effect from Thursday, marking the second reduction in profit rates on savings tools in the past six months.

As 2026 begins, many savers are finding their financial cushion shrinking.

National Savings Certificates, commonly known as Sanchaypatra, are widely used to meet daily household expenses, medical costs and education fees, particularly by pensioners and small investors.

Under the new rates, the popular five-year Family Saving...