BRPD Circular No. 11: Application of Interest on Deposit and Loan Accounts of Deceased Individuals

BRPD Circular No. 11 Banking Regulation and Policy Department Bangladesh Bank Head Office Dhaka. 06 August, 2017 BRPD Circular No.-11 Date: ---------------------- 22 Sraban, 1424 Managing Director / Chief Executive Officer All Scheduled Banks operating in Bangladesh. Dear Sir, Subject: Application of Interest on Deposit and Loan Accounts of Deceased Individuals - in the context of compliance with BCD Circular No. 18/1984 issued on the subject cited above.

1. We would like to draw your attention to BCD Circular No. 18, dated 27 May, 1984 (copy attached) on the subject cited above.

2. The instructions of BRPD Circular No. 06/2017 must be followed in the matter of payment of deposits held in the names of deceased depositors as mentioned in paragraph 03 of the said circular. In addition, the other instructions of the said circular remain unchanged.

3. In this regard, instructions are hereby issued to all concerned to follow/comply with the instructions of BCD Circular No. 18/1984 and BRPD Circular No. 06/2017 appropriately.

Enclosure: As per list.

Yours faithfully, (Abu Farah Md. Naser) General Manager Phone: 9530252