Regulatory Alerts2022-01-17
Added
DMD Circular Letter No. 01: Regarding Investment in Sanchaya Bonds
This circular clarifies that scheduled banks in Bangladesh, excluding Shariah-based banks, are to allow a maximum reinvestment facility of BDT 1 crore in National Savings Bonds. This applies if the reinvestment process for Wage Earner Development Bond, US Dollar Investment Bond, and US Dollar Premium Bond was not completed by December 3, 2020, or if a bondholder submitted a written request for reinvestment after that date. Banks are advised to complete these reinvestment activities.
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