Regulatory Alerts2015-09-17
Added · Updated
DMD Circular No. 02: Crediting Profit and Principal of Sanchayapatra directly to the investors' bank account and conducting wide publicity regarding this
The Department of Management Development (DMD) directs all scheduled banks in Bangladesh to credit the profit and principal of Sanchayapatra directly to investors' bank accounts or pay them in cash, following a similar initiative by Bangladesh Bank branches. Banks are advised to undertake extensive publicity campaigns to promote this service and enhance customer convenience.