Regulatory Alerts2017-06-20
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DOS Circular Letter No. 17: Keeping scheduled bank branches dealing with foreign remittance open on 24 June, 2017 to facilitate foreign remittance distribution
The Department of Off-site Supervision directs all scheduled banks operating in Bangladesh to keep a necessary number of branches open on Saturday, 24 June 2017, to facilitate the distribution of foreign remittances ahead of Eid-ul-Fitr. Banks are instructed to ensure security and operate only cash deposit, withdrawal, and foreign remittance distribution services based on their own assessment of customer volume and remittance amounts. This directive is issued to maintain the normal flow of foreign remittances, which are considered a key component of the country's economic engine.
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