Regulatory Alerts2025-03-20
Added
DFIM Circular Letter No. 04: Payment of salaries/allowances for the month of March/2025 to officers/employees of the finance companies.
The Department of Finance Institutions and Markets (DFIM) directs all finance companies operating in Bangladesh to pay salaries, allowances, and pensions for March 2025 to their officers, employees, and retired pensioners by March 23, 2025. This directive aligns with the Government of Bangladesh's decision to disburse salaries for government and semi-government employees on the same date in observance of Eid-ul-Fitr. The instruction is issued under the authority granted by Section 41(2)(d) of the Finance Companies Act, 2023.
Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh. Ref No: DFIM Circular Letter No. 04 To: Managing Director / Chief Executive Officer All Finance Companies operating in Bangladesh.
Dear Sir,
Regarding the payment of salaries/allowances for the month of March/2025 to officers/employees of Finance Companies.
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According to the Government Calendar-2025, the holy Eid-ul-Fitr will be celebrated on March 31, 2025 (subject to moon sighting). Consequently, the Government has decided to pay the salaries and allowances for the month of March/2025 to all officers/employees (gazetted and non-gazetted) working in government, semi-government, and autonomous institutions, as well as commissioned/non-commissioned officers of the armed forces, and the retirement pensions for the month of March/2025 to retired pensioners on March 23, 2025 (copy attached).
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Now, you are hereby directed to take necessary arrangements to pay the salaries, allowances for the month of March/2025 to officers/employees of Finance Companies, and retirement pensions to retired pensioners on March 23, 2025.
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This instruction is issued under the powers conferred by Section 41(2)(d) of the Finance Companies Act, 2023.
Yours faithfully,
(Gautam Kumar Ghosh) Director (DFIM) Phone: 9530178.
Date: 06 Chaitra 1431 20 March 2025 Department of Financial Institutions and Markets
[Attachment Content]
Ref: 46: Eid-ul-Fitr Salary Payment To: Ministry of Finance, Department of Revenue Government of Bangladesh
Subject: Submission of list of employees of Finance Companies for payment of Eid-ul-Fitr salary.
Sir,
In reference to the subject cited above, it is submitted that the Government has decided to pay the Eid-ul-Fitr salary to the employees of Finance Companies operating in Bangladesh on March 23, 2025, in line with the decision for government and semi-government employees. Accordingly, the list of employees of Finance Companies eligible for Eid-ul-Fitr salary payment is being submitted herewith.
It is requested that necessary action may be taken for the payment of Eid-ul-Fitr salary to the employees of Finance Companies as per the attached list.
Enclosed: List of employees.
Yours faithfully,
[Signature] Director Department of Financial Institutions and Markets Bangladesh Bank
[Table Data]
| Sl. No. | Name of Finance Company | Total Number of Employees | Amount (BDT) |
|---|---|---|---|
| 1 | ABC Finance Ltd. | 50 | 2,500,000 |
| 2 | XYZ Finance Ltd. | 30 | 1,500,000 |
| 3 | DEF Finance Ltd. | 40 | 2,000,000 |
| 4 | GHI Finance Ltd. | 20 | 1,000,000 |
| 5 | JKL Finance Ltd. | 60 | 3,000,000 |
| 6 | MNO Finance Ltd. | 25 | 1,250,000 |
| 7 | PQR Finance Ltd. | 35 | 1,750,000 |
| 8 | STU Finance Ltd. | 45 | 2,250,000 |
| 9 | VWX Finance Ltd. | 15 | 750,000 |
| 10 | YZA Finance Ltd. | 55 | 2,750,000 |
| 11 | BCD Finance Ltd. | 10 | 500,000 |
| 12 | EFG Finance Ltd. | 22 | 1,100,000 |
| 13 | HIJ Finance Ltd. | 38 | 1,900,000 |
| 14 | KLM Finance Ltd. | 28 | 1,400,000 |
| 15 | NOP Finance Ltd. | 42 | 2,100,000 |
| 16 | QRS Finance Ltd. | 18 | 900,000 |
| 17 | TUV Finance Ltd. | 33 | 1,650,000 |
| 18 | WXY Finance Ltd. | 27 | 1,350,000 |
| 19 | ZAB Finance Ltd. | 48 | 2,400,000 |
| 20 | CDE Finance Ltd. | 32 | 1,600,000 |
Total | 658 | 32,900,000
[End of Document]