Regulatory Alerts2023-03-19
Added
BRPD Circular Letter No. 09: Master Circular on Schedule of Charges
The document establishes special provisions for individual retail accounts to facilitate the inclusion of micro/marginal entrepreneurs, service providers, and social media sellers into the digital payment ecosystem. It mandates that these accounts remain exempt from minimum deposit requirements and prohibits banks from charging any account maintenance fees against them. These instructions are issued under Section 45 of the Companies Act, 1991, and take immediate effect.
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