Bangladesh Statutory late-payment interest
Bangladesh Statutory late-payment interest: no single figure applies. The reason is set out below, cited to the governing instrument. Last checked against the official source on 10 Aug 2026.
Bangladesh fixes no statutory or late-payment interest rate on money debts. Interest is a matter for the court's discretion under the Interest Act 1839 and section 34 of the Code of Civil Procedure 1908, with no statutory rate and no ceiling expressed as a number.
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| Current value | structured — see the API |
|---|---|
| In force from | — |
| Official source | Code of Civil Procedure 1908 s. 34(1) as in force in Bangladesh: 'the Court may, in the decree, order interest at such rate as the Court deems reasonable to be paid on the principal sum adjudged, from the date of the suit to the date of the decree ... with further interest at such rate as the Court deems reasonable ... from the date of the decree to the date of payment'; Interest Act 1839 (Act No. XXXII of 1839) s. 1: the Court 'may, if it shall think fit, allow interest to the creditor at a rate not exceeding the current rate of interest' |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
REFUSAL — there is no Bangladeshi statutory interest rate. A creditor cannot claim a fixed percentage on an overdue invoice by operation of law; interest arises only if the contract provides for it or a court awards it. The two general instruments both give discretion without a number. The Interest Act 1839 lets a court allow interest 'at a rate not exceeding the current rate of interest' — running from the due date where the debt is payable at a certain time under a written instrument, and otherwise only from the date of a written demand — where 'current rate of interest' means the prevailing bank lending rate, not a published statutory figure. Section 34 of the Code of Civil Procedure leaves both pre-decree and post-decree interest at 'such rate as the Court deems reasonable'. CITATION TRAP: the widely quoted 'six per cent, or more for commercial transactions' proviso in section 34 is the INDIAN text, inserted by India's Code of Civil Procedure (Amendment) Act 1956; Bangladesh retains the original 1908 wording and has no such cap or commercial carve-out. A second trap: the instrument is the Interest Act of 1839, not 1913 — there is no Bangladeshi Interest Act of 1913. NARROW FIXED FIGURES DO EXIST but none of them is a general rate: Code of Civil Procedure s. 35(3) allows interest on COSTS at a rate not exceeding six per cent per annum; Negotiable Instruments Act 1881 s. 80 fixes interest at six per centum per annum on a promissory note or bill of exchange that specifies no rate, from the date payment was due until tender, realisation or such date after suit as the Court directs; the Money-lenders Act 1940 caps what a registered money-lender may charge and bars interest exceeding the principal. Bank lending rates are set under Bangladesh Bank circulars and are supervisory limits on banks, not a legal interest rate available to ordinary creditors. No civil/commercial split exists in the general law.
Get it programmatically
curl https://asiaref.dev/v1/bd/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/bd/statutory-interest/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/bd/statutory-interestOther Bangladesh series: Policy Rate (Repo) · Value Added Tax (standard rate) · VAT registration threshold · Minimum Wage · Public Holidays · Consumer Price Inflation · Corporate Income Tax (standard rate) · Withholding tax rates · Personal Income Tax (progressive bands) · Statutory social-insurance contributions
The same figure elsewhere: China · Hong Kong · India · Indonesia · Iraq · all 28