Regulatory Alerts2020-04-22
Added · Updated
DMD Circular Letter No. 02: Incorporating NRB Bond encashment and coupon payment functions to the limited scale Banking services
The Department of Management and Development (DMD) of the Bangladesh Bank directs all scheduled banks (excluding Islamic Shariah-based banks) to activate encashment and coupon payment services for NRB bonds during regular banking hours. This directive, effective immediately, expands existing services for national savings certificates to include Wage Earners Development Bonds, US Dollar Investment Bonds, and US Dollar Premium Bonds. The instruction applies to all scheduled banks operating under the limited scale banking framework.
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