Excise duty on bank deposits to be changed: Muhith

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PV Desk : Finance Minister AMA Muhith today said the decision on the proposed excise duty on the bank deposits will be changed when the budget will be passed in the Jatiya Sangsad.

“The National Budget has been proposed. When the proposed budget will be passed, many things change. Excise duty on bank deposits will also be changed,” he told the journalists while addressing Annual Performance Agreement (APA) signing ceremony with state run-banks and financial institutions at the Finance Ministry in the city.

The Finance Minister said everyone will have to wait until June 28, when the next year’s budget will be passed in Parliament.

He also hinted that the term “excise duty” on bank account will be changed.

“The name excise duty needs to be changed as it has been there for years,” he added.