Deposit Protection Act 2026

Bangladesh Bank
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh.

Deposit Insurance Department

Date: 23 Baisakh 1433
06 May, 2026

DID Circular No- 01/2026

Managing Director/Chief Executive Officer
All Scheduled Banks and Finance Companies operating in Bangladesh

Dear Sir,

In the context of the 'Deposit Protection Act, 2026'.

To maintain the stability of Bangladesh's financial sector and to provide security for deposits accepted by bank companies and finance companies, the National Parliament has enacted the 'Deposit Protection Act, 2026'.

A gazette copy of the aforementioned 'Deposit Protection Act, 2026' (Act No. 75 of 2026) is enclosed herewith for your information. Additionally, a copy of the 'Deposit Protection Act, 2026' has been uploaded on the Bangladesh Bank website (https://www.bb.org.bd) for public information.

Hereby, DID Circular No-01, dated: 23 November 2025, regarding the 'Deposit Protection Ordinance, 2025' is repealed.

Thanking you,

(Signature)
(Firoz Mahmud Islam)
Director (DID)
Phone: 55665001-6/20255
Email: firoz.islam@bb.org.bd

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Phone: 88-02-9550448, 9554899, IP: 88-02-55665001-6, Fax: 88-02-9530479, Web: www.bb.org.bd

Registered No D A-1

Bangladesh Gazette
Extraordinary Issue
Published by Authority
Friday, April 10, 2026

Bangladesh National Parliament
Dhaka, 27 Chaitra, 1432/10 April, 2026

The following Act passed by Parliament has received the assent of the President on 27 Chaitra, 1432 corresponding to 10 April, 2026 and is hereby published for general information:—

Act No. 75 of 2026

An Act to repeal the Bank Deposit Insurance Act, 2000 and to re-enact it with amendments

Whereas it is necessary to enact suitable legislation to maintain the stability of the financial sector of Bangladesh and to provide security for deposits accepted by bank companies and finance companies by enhancing public confidence;

Whereas it is expedient and necessary to repeal the Bank Deposit Insurance Act, 2000 (Act No. 18 of 2000) and re-enact it with amendments;

It is hereby enacted as follows:—

(16333)
Price: Taka 20.00

16334 Bangladesh Gazette, Extraordinary, April 10, 2026

Chapter I
Preliminary

1. Short title and commencement.—(1) This Act shall be called the Deposit Protection Act, 2026.

(2) It shall come into force immediately.

2. Definitions.—Unless the context otherwise requires, in this Act,—

(a) "Insolvency" means insolvency under Section 65 of the Bank Companies Act, 1991, the Bank Resolution Act, 2026 and Section 51 of the Finance Companies Act, 2023;

(b) "International Financial Institution" means the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the Asian Development Bank (ADB), the Islamic Development Bank (IDB) and similar institutions;

(c) "Deposit" means money accepted by a member institution on terms of repayment on demand or otherwise, whether with interest or profit or without interest or profit, by transfer or receipt of a time or demand receipt;

(d) "Depositor" means a natural person or legal person who has at least one deposit account with a member institution;

(e) "Deposit Protection" means the assurance of payment of protected deposits to depositors of a member institution in the event of its insolvency;

(f) "Deposit Protection Fund" or "Fund" means the fund constituted under Section 10;

(g) "Deposit Protection Department" means the department mentioned in Section 5;

(h) "Trustee Board" means the Trustee Board mentioned in Section 8;

(i) "Fund Deficiency" means the difference between the usable balance of the Fund and the amount expressed in currency required for financing as mentioned in sub-sections (1), (2) and (6) of Section 16;

(j) "Auditor" means an auditor or audit firm defined in clause 13 or 15 of Section 2 of the Financial Reporting Act, 2015 (Act No. 16 of 2015) which is or are listed by the Financial Reporting Council and Bangladesh Bank;

(k) "Premium" means the amount payable by a member institution under Sections 13, 14 and 15 to ensure receipt of protection under this Act;

(l) "Finance Company" means a finance company defined in clause (17) of Section 2 of the Finance Companies Act, 2023 (Act No. 59 of 2023);

(m) "Bangladesh Bank" means Bangladesh Bank established under section 3 of the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972);

(n) "Bank Company" means any scheduled bank defined in clause (j) of section 2 of the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972);

(o) "Bridge Bank" means a bank defined in the Bank Resolution Act, 2026;

(p) "Resolution" means resolution defined in the Bank Resolution Act, 2026;

(q) "Resolution Authority" means the resolution authority described in the Bank Resolution Act, 2026;

(r) "Scheduled Bank under Resolution" means a scheduled bank under resolution defined in the Bank Resolution Act, 2026;

(s) "Member Institution" means a bank company and a finance company;

(t) "Distressed Asset Management Company" means the Distressed Asset Management Company mentioned in the Bank Resolution Act, 2026;

(u) "Excluded Deposit" means a deposit not protected under this Act, such as:—

(1) Government deposits, i.e., deposits of various ministries and departments established under Schedule-I (Allocation of Business among the Different Ministries and Divisions) of the Rules of Business, 1996 promulgated under clause 55(6) of the Constitution of the People's Republic of Bangladesh and offices and institutions under their jurisdiction;

(2) Deposits of government-owned institutions;

(3) Deposits of state-owned institutions, autonomous bodies and local government institutions defined in clauses (11), (18) and (19) of Section 2 of the Government Servants Act, 2018 (Act No. 57 of 2018);

(4) Deposits of foreign governments;

(5) Deposits of institutions owned by foreign governments;

(6) Deposits of international organizations;

(7) Deposits of member institutions; and

(8) Deposits collected by foreign branches of member institutions;

(v) "Insurable Deposit" means all deposits other than excluded deposits mentioned in clause (u) of Section 2;

(w) "Protected Deposit" means the amount of insurable deposit determined by Section 22;

(x) "Protected Depositor" means any depositor who has deposited an insurable deposit with a member institution; and

(y) "Transferee" means a third party mentioned in the Bank Resolution Act, 2026 and a bridge bank defined in clause (o) of Section 2 of this Act.

3. Supremacy of the Act.—Notwithstanding anything contained in any other law for the time being in force, the provisions of this Act shall prevail.

Chapter II
Responsibility and Authority for Deposit Protection and Related Management

4. Responsibility and Authority for Deposit Protection.—(1) Under this Act, Bangladesh Bank shall have all powers related to the protection of deposits of member institutions and authority to perform other related responsibilities.

(2) The powers and responsibilities mentioned in sub-section (1) shall be independent and separate from the regulatory and supervisory programs of Bangladesh Bank.

5. Deposit Protection Department.—To fulfill the purpose of this Act, Bangladesh Bank may establish a separate and independent department named Deposit Protection Department to exercise, perform and execute powers, responsibilities and activities related to deposit protection.

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6. Powers and Responsibilities of the Deposit Protection Department.—(1) The Deposit Protection Department shall have the following powers to perform daily activities, namely:—

(a) Issuing circulars, circular letters, directives, guidelines;

(b) Collecting information and data directly from member institutions;

(c) Collecting information and data of member institutions from other relevant departments of Bangladesh Bank;

(d) Collecting depositor information from the insolvency officer in the prescribed format within the prescribed time as mentioned in this Act;

(e) Inspecting member institutions, or, as the case may be, special inspection;

(f) Receiving technical, technological and other assistance from domestic and international sources;

(g) Exchanging mutual information and data with institutions related to the financial sector located inside or outside Bangladesh;

(h) Requesting other inspection departments of Bangladesh Bank to send inspection reports, if necessary;

(i) Imposing, collecting fines and taking legal measures under Sections 27 and 28;

(j) Identifying bank companies and finance companies that have failed to pay customer deposits and recommending to the Trustee Board to take resolution or other measures for such institutions; and

(k) Exercising other powers mentioned in this Act.

(2) The responsibilities of the Deposit Protection Department shall be as follows, namely:—

(a) Calculation and collection of premiums based on information received from member institutions;

(b) Investment of fund money according to investment policy and investment plan;

(c) Regular projection of the Fund;

(d) Assessment of the Fund's ability to pay protected deposits;

(e) Regularly publishing information and awareness notices related to deposit protection in print and electronic media for public information, and conducting various activities related thereto such as meetings, seminars, conferences, symposiums, training, etc.;

(f) Taking appropriate measures for internal control of the Deposit Protection Department and risk management of the Fund;

(g) Ensuring effective measures to handle risks and crises after the payment of protected deposits;

(h) Payment of protected deposits;

(i) Taking necessary procedures and technical measures to ensure prompt payment of protected deposits to depositors;

(j) Determining risk and preserving liquidity under the investment policy;

(k) Conducting at least one simulation of deposit payment per year;

(l) Sending audited and approved financial reports to the Government; and

(m) Performing any other task determined by the Trustee Board.

(3) To fulfill the purpose of this Act, the Deposit Protection Department may obtain necessary cooperation from any regulatory authority of the financial sector.

7. Powers of Bangladesh Bank in the field of Deposit Protection.—(1) If any provision, directive or guideline is issued by Bangladesh Bank under this Act, the concerned institution or person shall comply with such provision, directive or guideline immediately or, as the case may be, within the prescribed time.

(2) If any matter under this Act is requested from any regulatory or supervisory authority or any such person by Bangladesh Bank, such authority or person shall comply with such request immediately or within the prescribed time.

(3) For the purpose of implementing the provisions of this Act, Bangladesh Bank may sign and execute contracts and memoranda of understanding with any regulatory, supervisory, enforcement, resolution, deposit protection providing authority or international standard-setting body established inside or outside Bangladesh, and other relevant authorities.

16339 Bangladesh Gazette, Extraordinary, April 10, 2026

(4) The contracts and memoranda of understanding mentioned in sub-section (3) shall include the following matters, namely:—

(a) Seeking advice on matters related to payment of protected deposits and providing financial assistance in bank resolution on the basis of mutual consent, receiving pre-preparatory assistance, providing notice, regular exchange of information on matters including interested parties;

(b) Coordination of procedures for payment of protected deposits or providing financial assistance in bank resolution;

(c) Conditions to preserve the confidentiality of all information and not to disclose without the written consent of the authority; and

(d) Any other matter considered necessary by the concerned parties for the implementation of this Act.

8. Trustee Board, etc.—(1) There shall be a Trustee Board to manage and administer the Deposit Protection Fund, and the Board of Directors of Bangladesh Bank shall serve as the Trustee Board of the Fund.

(2) The Trustee Board shall approve the following matters, namely:—

(a) Formulation of rules and policies for the implementation of this Act;

(b) Reviewing and re-determining the maximum limit of protected deposits at least once every 3 (three) years;

(c) Payment of protected deposits;

(d) Expenditure of money from the Fund to provide financial assistance to bank companies and finance companies in resolution according to sub-sections (2) and (6) of Section 16;

(e) Determination method of premium rate;

(f) Regular determination of premium rate;

(g) Determination of initial and special premium rates;

(h) Determination of the amount of the Fund;

(i) Formulation of annual investment plan and policy for investment of Fund money;

(j) Report on risk assessment and liquidity preservation under the investment policy;

(k) Annual budget related to income and expenditure of the Fund;

(l) Decision taking related to Fund management and administration;

(m) Appointment of Auditor;

(n) Receiving technical, technological and other assistance from domestic and international sources; and

(o) Forming a separate committee for Islamic bank companies and finance companies and Islamic branches or windows of member institutions, if necessary.

(3) The Deposit Protection Department shall perform the secretarial duties of the Trustee Board, and the provisions of the Official Secrets Act, 1923 (Act No. XIX of 1923) shall apply to all concerned.

9. Meeting of the Trustee Board.—(1) Meetings of the Trustee Board shall be held at least once every 3 (three) months.

(2) A quorum for any meeting of the Trustee Board shall be formed by the presence of a simple majority of the members.

(3) In the absence of the Chairman at any meeting, any other member present at the meeting shall be elected to preside over the meeting.

Chapter III
Sources, Use, etc. of the Deposit Protection Fund

10. Formation and Management of Deposit Protection Fund.—(1) To fulfill the purpose of this Act, two separate Funds shall be formed to provide security to depositors of bank companies and finance companies, namely:—

(a) Deposit Protection Fund (Bank Company); and

(b) Deposit Protection Fund (Finance Company).

(2) The Funds formed under sub-section (1) shall be kept in Bangladesh Bank.

(3) The Funds formed under sub-section (1) shall not be interchangeable with each other, nor shall any loan be given or taken from one Fund to another.

16341 Bangladesh Gazette, Extraordinary, April 10, 2026

(4) The two Funds shall be operated through two separate accounts in Bangladesh Bank, which shall be independent and separate from other Funds of Bangladesh Bank, and the liabilities and assets of the Funds shall not be included in the liabilities and assets of Bangladesh Bank.

(5) The Fund or any part thereof shall not be used as security against any special loan except in the circumstances mentioned in sub-section (3) of Section 19.

11. Sources of Deposit Protection Fund.—Money received from the following sources shall be considered as sources of the Deposit Protection Fund, namely:—

(a) Initial premium, regular premium and special premium received from member institutions;

(b) Fines imposed and collected under this Act from member institutions;

(c) The entire accumulated amount of the Deposit Insurance Trust Fund established under the Bank Deposit Insurance Act, 2000, in the case of the Deposit Protection Fund (Bank Company);

(d) Initial funding (seed funding) provided by Bangladesh Bank, the Government, or an international financial institution, in the case of the Deposit Protection Fund (Finance Company);

(e) Profit received from investment;

(f) Assets of insolvent member institutions and consolidated money from transferees; and

(g) Money received from other sources approved by the Trustee Board.

12. Membership.—(1) Bank companies insured under the Bank Deposit Insurance Act, 2000 and every bank company newly licensed in Bangladesh after the promulgation of this Act shall be considered member institutions under this Act.

(2) Every finance company operating in Bangladesh and every finance company newly licensed in Bangladesh after the promulgation of this Act shall be considered member institutions under this Act from 1 July, 2028.

13. Initial Premium.—(1) Any new member institution shall deposit a lump sum amount as initial premium at a rate of not less than 0.50 (zero point five zero) percent of its paid-up capital, or at a rate or amount determined by the Trustee Board, within 30 (thirty) days of obtaining the license:

Provided that the amount of such money shall in no case be less than 0.50 (zero point five zero) percent of the paid-up capital.

(2) No initial premium shall be applicable for bank companies insured under the Bank Deposit Insurance Act, 2000 mentioned in sub-section (1) of Section 12.

(3) All finance companies mentioned in sub-section (2) of Section 12 shall have to deposit the prescribed initial premium by 31 July, 2028.

14. Regular Premium.—(1) Each member institution shall pay the prescribed regular premium for receiving deposit protection at intervals of every 3 (three) months.

(2) The rate of premium payable in each financial year shall be determined by Bangladesh Bank by 30 April of the preceding financial year.

(3) Considering the risk level of all member institutions and the amount of the prescribed size of the Fund, the Trustee Board shall determine the premium rate for each bank according to the approved method of risk-based classification.

(4) At the time and method determined by the Trustee Board, regular premium shall be calculated and collected based on the average deposit of the concerned member institution for the previous 3 (three) months at intervals of every 3 (three) months.

(5) Until the collection of premium under sub-section (4) begins, premium calculation and collection shall be made according to the previous prevailing rules.

(6) The premium money paid by all member institutions shall be deposited into the designated account of the Deposit Protection Fund by the 15 (fifteenth) of the following month.

(7) Premium paid by member institutions shall be considered as operational expenses of the concerned institution.

(8) Each finance company shall pay regular premium from the time it is included as a member institution.

15. Special Premium.—(1) If the amount of protected deposits payable under Section 16 or the amount of financial assistance payable in bank resolution exceeds the total amount of the Fund, the Trustee Board may levy a special premium to collect deficiency money.

(2) Special premium shall not be levied more than once a year and shall not exceed the regular premium rate.

16343 Bangladesh Gazette, Extraordinary, April 10, 2026

16. Use of Deposit Protection Fund.—(1) The Deposit Protection Fund shall primarily be used to pay protected deposits to depositors in the event of insolvency of a member institution.

(2) If depositors of a scheduled bank under resolution have the opportunity to use their protected deposits through a transferee, in such case, the Fund shall be used to provide financial assistance to the resolution of the concerned bank company according to the relevant provisions of the Bank Resolution Act, 2026.

(3) Financial assistance payable under sub-section (2) shall be provided subject to the following conditions, namely:—

(a) The amount of financial assistance payable in resolution shall not exceed the total amount of protected deposits payable in the event of insolvency of the concerned bank company;

(b) The license of such scheduled bank under resolution has already been withdrawn by Bangladesh Bank, or Bangladesh Bank or the Resolution Authority has decided to withdraw it on a specified date;

(c) All assets and liabilities of such scheduled bank under resolution have been transferred or sold to one or more transferees by the Resolution Authority, and the provisions of the Bank Resolution Act, 2026 have been applied; or

(d) Partial assets and liabilities of such scheduled bank under resolution have been transferred or sold to one or more transferees by the Resolution Authority, and the remaining part has necessarily been transferred to the insolvent or Distressed Asset Management Company.

(4) In the case of receiving financial assistance from the Fund under sub-section (2), the Resolution Authority shall send necessary information in the format determined and directed by the Trustee Board after conducting a comparative analysis between the concerned financial assistance and the amount of protected deposits.

(5) Financial assistance shall be provided to the concerned transferee in the form of cash or cash equivalents (and/or government securities).

(6) In the case of any finance company under resolution, Bangladesh Bank or the Resolution Authority, considering the conditions mentioned in the relevant provisions of the Bank Resolution Act, 2026, may provide necessary financial assistance from the said Fund for the resolution of the finance company, subject to fulfilling conditions similar to sub-section (3).

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(7) Money from the Fund shall be used for expenditure according to the approved annual budget related to income and expenditure of the Fund.

(8) Loans taken under Section 19 of this Act shall be repaid from the Fund.

(9) The Trustee Board shall formulate rules to recover money spent on payment of protected deposits and providing financial assistance in resolution from the Fund, from the assets of insolvent member institutions and from transferees, with the approval of the Government.

17. Determination of Fund Amount.—(1) The Trustee Board shall determine the desired amount of the Fund at least once every 5 (five) years, which shall be determined as a proportional rate of the total protected deposits of member institutions.

(2) The amount of the Fund shall be determined separately for bank companies and finance companies.

(3) To collect the desired amount of the Fund, the Trustee Board may adjust the regular premium rate based on regular monitoring and evaluation.

18. Investment of Fund Money.—(1) In the case of investment of Fund money, priority shall be given to safe investment, diversification and preservation of liquidity of the Fund rather than earning profit.

(2) For proper management of investment activities, a professional asset manager may be appointed, if necessary.

(3) Money from the Fund shall be invested in risky sectors, sovereign bonds, and other securities with the highest rating obtained by central banks of countries of the Organisation for Economic Co-operation and Development (OECD) and internationally recognized rating agencies.

19. Financing of Fund Deficiency.—(1) If the Fund is insufficient compared to the money required to fulfill the purpose of sub-sections (1), (2) and (6) of Section 16, deficiency money shall be arranged by the following means, namely:—

(a) Collection of special premium from member institutions; and

(b) Receiving grant or loan from the Government or any other source.

(2) To cope with financing of deficiency money, Bangladesh Bank shall sign a memorandum of understanding or cooperation agreement with the Government immediately after the promulgation of this Act.

(3) For the purpose of fulfilling Section 16, Bangladesh Bank may provide emergency financial assistance in the form of a loan by keeping government securities or any other assets under the Fund as security.

20. Tax Exemption.—(1) Income or profit or receipt of the Fund shall be directly exempt from tax.

(2) For the purpose of fulfilling sub-section (1), the National Board of Revenue may add necessary provisions in the Income Tax Act, 2023.

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Chapter IV
Payment of Protected Deposits

21. Limit of Protected Deposits.—(1) The maximum limit of protected deposits for each depositor of each member institution shall be 2 (two) lakh Taka.

(2) The Government, on the recommendation of the Trustee Board, shall re-determine the maximum limit determined in sub-section (1) at least once every 3 (three) years by notification in the Government Gazette.

22. Determination of Amount of Protected Deposits.—(1) The amount of protected deposit for each protected depositor on the date of insolvency of a member institution shall be determined as follows, namely:—

(a) All foreign currency deposits shall be calculated by converting to Bangladeshi Taka at the average exchange rate published by Bangladesh Bank according to the date of insolvency;

(b) Interest or profit earned on the balance of such protected deposit until the date of insolvency shall be added;

(c) If a depositor has a joint account with any other depositor, the balance of such joint account shall be added to their total protected deposit in equal proportion or according to the share of the joint agreement;

(d) If a depositor has more than one deposit account, all their deposit accounts shall be consolidated to determine the total amount of protected deposit.

(2) The lower of the total amount of deposits mentioned in sub-section (1) and the maximum limit of protected deposits determined in Section 21 shall be considered as the amount of protected deposit, and that amount of money shall be paid from the Fund.

(3) If a depositor has deposits in excess of the protected deposit limit determined in Section 21 of this Act, such excess part shall not be payable from the Fund:

Provided that the concerned depositor may file a claim with the insolvency officer for payment of such excess deposit claim.

23. Protected Deposit Payment Procedure.—(1) For the purpose of paying protected deposits under sub-section (1) of section 16 of this Act, the liquidator shall, within 10 (ten) working days from the date of appointment mentioned in the winding-up order, send the list of depositors to Bangladesh Bank in the form and format determined by the Trustee Board, in accordance with the provisions of section 22.

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(2) Bangladesh Bank shall, within 7 (seven) working days of receiving the necessary information from the liquidator, pay the protected deposit amounts of the concerned depositors from the fund.

(3) Bangladesh Bank may, if necessary, take appropriate measures for the payment of protected deposit amounts, including transfer to another bank account of the depositor or by any other means, in the prescribed manner.

(4) After the issuance of a winding-up order for any member institution, Bangladesh Bank may immediately provide the depositors with the procedure for paying protected deposits and necessary instructions in this regard.

24. Resolution of Depositor Objections.—(1) If any depositor raises an objection regarding the amount of the paid or payable deposit, he may apply to the Deposit Protection Department for reconsideration of the deposit within 30 (thirty) days with appropriate evidence.

(2) The Deposit Protection Department shall review the received application and evidence and inform the depositor of its decision within 15 (fifteen) working days and ensure the necessary payment within 7 (seven) working days from the date of the decision.

25. Payment of Unclaimed Protected Deposits.—(1) If any unclaimed protected deposit remains after the payment of protected deposits, the Deposit Protection Department shall inform the concerned depositors about the amount of such protected deposit and the method of its withdrawal through public notice, direct communication, or any other means.

(2) The deposit of a concerned depositor shall be deemed protected under this Act for a maximum of 10 (ten) years from the date of winding-up of a member institution.

(3) After the expiry of the period mentioned in sub-section (2), the Deposit Protection Department shall not be liable to pay such unclaimed protected deposit to any depositor.

26. Adjustment of Funds Expended from the Fund.—In the case of winding-up of a member institution, the amount expended for deposit payment under sub-section (1) of section 16 of this Act shall be adjusted from the assets of the liquidated member institution through transfer to the concerned depositors, according to the priority list of claims mentioned in the Bank Resolution Act, 2026.

Chapter Five
Penalties and Legal Measures

27. Penalty for Failure to Pay Premium.—(1) If any member institution fails to pay the assessed premium within the prescribed time, the Deposit Protection Department shall deduct the due premium amount from the current account maintained by that member institution with Bangladesh Bank and deposit it into the relevant account of the Deposit Protection Fund.

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(2) If the Deposit Protection Department grants additional time for premium payment at the reasonable request of a member institution, a penalty may be imposed on the premium for the delayed period at the Standing Lending Facility (SLF) rate or a similar rate.

(3) If there are insufficient funds in the current account of the concerned member institution with Bangladesh Bank on the due date for deduction, the Deposit Protection Department may, without giving any notice, deduct the due amount including the penalty at any subsequent time.

(4) If any member institution fails to pay the premium for more than 2 (two) consecutive quarters within the prescribed time, the Deposit Protection Department shall issue a show cause notice to that member institution.

(5) If the explanation provided by the said member institution as mentioned in sub-section (4) is not satisfactory, the Trustee Board may issue an order to that institution to refrain from deposit-taking activities for a specified period and shall publish such order in the form of a notice.

(6) If any member institution again fails to pay the premium within the prescribed time, the Trustee Board may issue instructions for taking legal action.

28. Miscellaneous Penalties.—(1) If a bank company fails to comply with the rules, regulations, policies, and instructions formulated for the implementation of this Act, the provisions described in section 109 of the Bank-Company Act, 1991, shall apply.

(2) If a finance company fails to comply with the rules, regulations, policies, and instructions formulated for the implementation of this Act, the provisions described in sections 55 to 60 of the Finance Company Act, 2023, shall apply.

Chapter Six
Miscellaneous

29. Legal Protection.—In exercising the powers prescribed under this Act, no current or former member of the Trustee Board, no officer or employee of the Deposit Protection Department, or any other person engaged shall be held responsible for situations arising in the performance of their duties, and no criminal case or administrative or other legal proceedings shall be filed or conducted against them in court for the performance of their duties, unless it is proven that such actions were performed with malicious intent, negligence, or gross carelessness.

30. Audit of Deposit Protection Fund.—The financial statements of the Deposit Protection Fund shall be audited by an auditor appointed by the Trustee Board within 3 (three) months after the end of each financial year:

Provided that the Trustee Board may, if necessary, extend the said period by another 2 (two) months.

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31. Submission of Audited Report.—(1) The audited financial statements of the Deposit Protection Fund, certified by the auditor, signed by the Chairman of the Trustee Board, and approved by the Trustee Board, shall be sent to the Government within 30 (thirty) days of approval.

(2) The audited financial statements shall be published for public information within 7 (seven) working days of being sent to the Government.

32. Information Exchange between Bangladesh Bank and the Concerned Department of the Ministry of Finance.—(1) Notwithstanding anything contained in this Act or any other law for the time being in force, Bangladesh Bank and the concerned department of the Ministry of Finance shall exchange information regarding pre-planning and potential implementation processes for situations where government financing or arrangements for financing may be required under this Act for the purpose of providing deposit protection to a member institution.

(2) The provisions of The Official Secrets Act, 1923 (Act No. XIX of 1923) shall apply to all concerned as mentioned in sub-section (1).

33. Power to Make Rules.—For the purpose of fulfilling the objectives of this Act, the Government may, by notification in the official Gazette, make rules.

34. Power to Make Regulations.—For the purpose of fulfilling the objectives of this Act, the Trustee Board may, with the approval of the Government, make regulations, provided they are consistent with this Act and the rules.

35. Repeal and Savings.—(1) The Deposit Protection Ordinance, 2025 (Ordinance No. 64 of 2025) is hereby repealed.

(2) Notwithstanding the repeal under sub-section (1), any act done or measure taken under the repealed Ordinance shall be deemed to have been done or taken under this Act.

36. Publication of English Translated Text.—(1) After the commencement of this Act, the Government may, by notification in the official Gazette, publish an authentic English text of the original Bengali text of this Act.

(2) In case of conflict between the Bengali and English texts, the Bengali text shall prevail.

Barrister Md. Golam Sarwar Bhuiyan
Secretary.

Printed by Mohammad Abu Yusuf, Deputy Director (Deputy Secretary), Bangladesh Government Press, Tejgaon, Dhaka.
Published by Md. Nazrul Islam, Deputy Director (Deputy Secretary), Bangladesh Forms and Publications Office, Tejgaon, Dhaka. website: www.bgpress.gov.bd