DMD Circular Letter No. 02: Incorporating NRB Bond encashment and coupon payment functions to the limited scale Banking services

Bangladesh Bank (Central Bank of Bangladesh) Department of Management and Development Main Office Motijheel, Dhaka-1000 Bangladesh.

DMD Circular Letter No. 02 Date: ------------------------

To: Chief Executive Officer/Managing Director, All Scheduled Banks (excluding Islamic Shariah-based banks)

Subject: Activation of NRB Bond encashment and coupon payment functions within the limited scale banking services.

Dear Sir,

In accordance with the DOS Circular Letter-09 dated 05/04/2020 of the Department of Off-Site Supervision, services for the encashment and coupon payment of various national savings certificates of relevant bank customers upon maturity have been activated alongside various banking transactions/services.

It has been decided that, alongside the operation of the aforementioned services, the encashment (both before and after maturity) and coupon payment functions for NRB Bonds (Wage Earners Development Bond, US Dollar Investment Bond, and US Dollar Premium Bond) will also be activated.

In this context, you are hereby instructed to take necessary measures to activate the encashment and coupon payment (excluding sale/re-investment) services for NRB Bonds during regular banking hours.

This instruction shall be implemented immediately.

Yours faithfully,

(Md. Khurshid Alam) Deputy General Manager Phone: 9530131 E-mail: khurshid.alam@dmd.bb.gov.bd

09 Branch, 1427 Bang 22 April, 2020 AD