Regulatory Alerts2022-02-01
Added
BRPD Circular Letter No. 05: Regarding Salary of Entry Level Officials and Employees of Bank-Company
This circular revises the implementation of new salary structures for entry-level officials and employees in scheduled banks, considering the current COVID-19 situation and banks' financial capacity. For 4th generation banks (licensed 2013 onwards), Bangladesh Commerce Bank Ltd., and ICB Islamic Bank Ltd., entry-level general side officers will receive a minimum of BDT 39,000 and cash side officers BDT 36,000, with basic salary effective April 2022 and remaining allowances from April 2023, though banks may pay all from April 2022. Other scheduled banks must pay these same minimums for entry-level officers from April 2022. Probationary entry-level officers in 4th generation banks will receive BDT 28,000 (general side) and BDT 26,000 (cash side), with 50% of the increase payable from April 2022 and the rest from April 2023, while other banks must pay these full amounts from April 2022. Minimum salaries for support staff (messenger, cleaner, security guard, office assistant) are set at BDT 24,000 in major cities, BDT 21,000 in district cities, and BDT 18,000 in other areas, with phased implementation for 4th generation banks and full implementation from April 2022 for others.