Regulatory Alerts2024-07-24
Added · Updated
BRPD Circular Letter No. 34: Payment of the loan and credit card due and installment of savings schemes.
The document mandates that banks waive all interest, profit, penalty interest, and late fees for loan and credit card dues paid between July 18 and July 25, 2024, provided the payment is made by July 31, 2024. It further prohibits the cancellation of savings scheme installments or the reduction of interest rates for deposits made by July 31, 2024, and requires the refund or adjustment of any such fees already collected during the specified period. These instructions apply to all scheduled banks in Bangladesh and take effect immediately.
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