Regulatory Alerts2025-06-19
Added
DMD Circular Letter No. 10: Checklist and undertaking for submitting report for white listing and disposal of exemption applications of institutional investment on savings certificates
Bangladesh Bank directs all scheduled banks to verify institutional investments in savings certificates against a new checklist and submit a report categorizing investments as correct, irregular, or requiring TIN replacement within the period from 05-09-2025 to 06-11-2025. The directive requires banks to ensure investments are made from recognized provident funds, replace institutional TINs with provident fund TINs where applicable, and provide supporting documents such as bank statements and board resolutions. Institutions investing from funds other than their own provident fund must be listed separately, and any deviations from the Savings Certificate Rules, 1999 must be reported with explanations.
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