DFIM Circular Letter No. 04: Audit Objection on Washing and Special Allowances of Employees of State Owned Financial Institutions

Department of Financial Institutions and Markets Ref No: 07.00.0000.165.53.010.13.39

Bank of Bangladesh
Head Office
Dhaka-1000.

DFIM Circular Letter No. 04
Date:

To,
Chief Executive/Managing Directors,
All State-Owned Financial Institutions operating in Bangladesh.

Dear Sir,

Subject: Audit Objection on Washing Allowance and Special Payments to Employees of State-Owned Financial Institutions

In this regard, the letters of the Audit Division, Ministry of Finance, and the Banking and Financial Institutions Division, dated 29/5/2016 and 04/8/2016, with reference numbers 07.00.0000.165.53.010.13.39 and 53.00.0000.221.53.003.16 respectively, are reproduced below.

You are hereby instructed to ensure compliance with the aforementioned orders.

16 October, 2016
01 Kartik, 1423

Yours faithfully,
(Signature)
(Md. Rafiqul Islam)
Deputy General Manager
Phone: 9530249

Enclosure: As per text.

---

Government of the People's Republic of Bangladesh Ministry of Finance Department of Banking and Financial Institutions Commercial Audit Branch Ref No: 53.00.0000.221.53.003.16 Date: 04-08-2016

Subject: Audit Objection on Washing Allowance and Special Payments to Employees of State-Owned and Specialized Commercial Banks and Financial Institutions.

Reference: Letter No. 07.00.0000.165.53.010.13.39 of the Audit Division, dated 29-05-2016.

In light of the above subject and the referenced letter, it is informed that the Audit Division has expressed its non-approval regarding the payment of washing allowances and special benefits to employees of state-owned and specialized commercial and government-owned banks and financial institutions, as there is no provision for such payments. (Copy enclosed). In this regard, steps must be taken to recover any excess payments made under this head. If necessary, recovery may be done in installments.

Signed/-
(Niaz Rahman)
Deputy Secretary
Phone: 9576040
Email: niaz.rahman2007@moft.gov.bd

Distribution:
01. Governor, Bank of Bangladesh, Head Office, Dhaka.
02. CEO and Managing Director, Sonali Bank Limited, Head Office, Dhaka.
03. CEO and Managing Director, Janata Bank Limited, Head Office, Dhaka.
04. CEO and Managing Director, Agrani Bank Limited, Head Office, Dhaka.
05. Managing Director, Rupali Bank Limited, Head Office, Dhaka.
06. Managing Director, Development Bank Limited, Head Office, Dhaka.
07. Managing Director, Basic Bank Limited, Head Office, Dhaka.
08. Managing Director, Bangladesh Krishi Bank, Head Office, Dhaka.
09. Managing Director, Rajshahi Krishi Unnayan Bank, Head Office, Rajshahi.
10. Managing Director, Investment Corporation of Bangladesh, Head Office, Dhaka.
11. Managing Director, House Building Finance Corporation, Head Office, Dhaka.
12. Managing Director, Jeevan Bima Corporation, Head Office, Dhaka.
13. Managing Director, General Insurance Corporation, Head Office, Dhaka.
14. Managing Director, Commerce Bank Limited, Head Office, Dhaka.
15. Managing Director, Anwar-VDP Development Bank, Head Office, Dhaka.
16. Managing Director, The Security Printing Corporation (Bangladesh) Ltd., Head Office, Gazipur.

Ref No: 53.00.0000.221.53.003.16 Date: 04-08-2016

For information, please:
01. Senior Secretary, Audit Division, Ministry of Finance, Bangladesh Secretariat, Dhaka.
(Ref: Asst. Secretary, Implementation Branch-5).
02. Director General, Commercial Audit Directorate, Audit Bhavan (8th & 9th Floor), Segunbagicha, Dhaka.
03. Private Secretary to the Secretary, Department of Banking and Financial Institutions, Ministry of Finance.
04. Deputy Director (Sector-1), Commercial Audit Directorate, Audit Bhavan (8th & 9th Floor), Segunbagicha, Dhaka.
05. Deputy Director (Sector-4), Commercial Audit Directorate, Regional Office, Sylhet.
06. Deputy Director (Sector-5), Commercial Audit Directorate, Regional Office, Chittagong.
07. Deputy Director (Sector-6), Commercial Audit Directorate, Regional Office, Khulna.
08. Deputy Director (Sector-7), Commercial Audit Directorate, Regional Office, Rajshahi.
09. Deputy Director (Reporter), Commercial Audit Directorate, Audit Bhavan (8th & 9th Floor), Segunbagicha, Dhaka.
10. Personal Assistant to the Additional Secretary (Audit), Department of Banking and Financial Institutions.
11. Office Copy / Master Copy.

(Niaz Rahman)
Deputy Secretary

---

Government of the People's Republic of Bangladesh Ministry of Finance, Audit Division Implementation Sub-division Implementation Branch-5 Ref No: 07.00.0000.165.53.010.13.39 Date: 15-02-1423 B.S. 29-05-2016 A.D.

Subject: Settlement of Audit Objection on Washing Allowance and Special Payments to Employees of State-Owned and Specialized Commercial Banks and Financial Institutions.

Reference: Memo No. 53.00.0000.220.53.003.15.27 of the Banking and Financial Institutions Division, dated 21-01-2015 A.D.

In reference to the above subject and memo, it is hereby instructed that the then Banking and Investment Division's Circular No. G/Inv/Inv-22/2/80-114 dated 31-05-1980 A.D. regarding the payment of washing allowances to employees of state-owned and specialized commercial and government-owned banks and financial institutions is hereby withdrawn retrospectively. Furthermore, the Audit Division expresses its non-approval regarding the payment of audit/benefits under special payments, as there is no provision for such payments.

2. Steps must be taken to recover any excess payments made under this head. Recovery may be done in installments if necessary.

Signed/-
(Md. Samim Ahsan)
Assistant Secretary
Phone: 9550781

Secretary
Department of Banking and Financial Institutions Bangladesh Secretariat, Dhaka