BRPD Circular Letter No. 40: Account Opening Form & KYC Profile of the Banks — BB — BD

Banking Regulation and Policy Department
Bangladesh Bank
Head Office
Dhaka.
BRPD Circular Letter No. 40 Date: 15 Shrabon 1427 30 July 2020 Managing Director/Chief Executive All Scheduled Banks operating in Bangladesh. Dear Sir, Regarding Account Opening Forms and KYC Profile in Banks Your attention is drawn to BRPD Circular No. 02, dated 23 February 2020, on the subject mentioned above.
2. Through the said circular, instructions were issued regarding account opening forms and KYC profiles, making the account opening forms in banks more customer-friendly. Paragraph 7 of the aforementioned circular instructed the mandatory introduction of updated account opening forms by 30 June 2020.
3. Now, considering the current context created by the outbreak of COVID-19, the deadline for introducing the updated account opening forms has been extended until 30 September 2020. Furthermore, other instructions of BRPD Circular No. 02, dated 23 February 2020, will remain unchanged. Copies of the updated forms must be introduced within the extended period and sent to this department within the next 10 (ten) working days.
4. This instruction is issued under Section 45 of the Bank-Company Act, 1991.
Yours faithfully,
(Md. Nazrul Islam)
General Manager
Phone: 9530252.
Website: www.bb.org.bd

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Amends

BRPD Circular No. 2 dated 2020-02-23Not in RegAlert
“the deadline for introducing the updated account opening forms has been extended until 30 September 2020. Furthermore, other instructions of BRPD Circular No. 02, dated 23 February 2020, will remain unchanged.”