Regulatory Alerts2013-07-15
Added · Updated
DID Circular No. 04: Online Submission of Information for Deposit Insurance Premium Assessment (IDIPA) in New Format
Scheduled banks in Bangladesh must submit deposit insurance premium information using the new online IDIPA format established by Bangladesh Bank. Until further instruction, banks are required to submit this information both online and in hardcopy to the Deposit Insurance Department before the last day of the next month following each half-year end. Failure to submit statements on time results in monetary punishment and fines under clause 109 (7) of the Bank Company Act, 1991. Only scheduled banks are eligible to use the IDIPA format, requiring two nominated officials to collect user credentials from the department.
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