Regulatory Alerts2012-04-17
Added · Updated
BRPD Circular Letter No. 04: Rate of Interest/Profit on Fixed/Term Deposits
The document instructs all scheduled banks operating in Bangladesh to submit weekly reports on fixed and term deposits of 1 crore Taka and above to the Banking Policy and Regulation Department, changing the previous requirement to a bi-weekly submission schedule. Banks must use a specified format that categorizes deposits into three tiers: 1 crore to less than 5 crore Taka, 5 crore to less than 10 crore Taka, and 10 crore Taka and above, reporting the total deposit amount, number of accounts, declared interest/profit rate, and paid interest/profit rate. All other instructions from the referenced Circular Letter No. 02 dated February 29, 2012, remain unchanged, and these directives take immediate effect.
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