Regulatory Alerts2024-09-24
Added · Updated
DMD Circular Letter No. 10: Instructions to be followed for sales and after sales service of National Savings Schemes
The Department of Management and Development (DMD) of the Bangladesh Bank replaces Section 'B' of DMD Circular No. 01 (dated July 20, 2022) with new instructions regarding the sale of National Savings Schemes instruments. Scheduled banks must ensure timely information confirmation upon the maturity or profit/interest payment dates for instruments sold via the Online Management System and guarantee that funds transferred via EFT are credited to the customer's account without delay. All other existing instructions in the referenced circular remain in full force.