Regulatory Alerts2022-11-03
Added
DOS Circular Letter No. 35: Change in bank office and transaction hours
The Department of Offsite Supervision mandates that banks located in sea, land, and air port areas maintain their branches, sub-branches, and booths open during morning hours, continuing the instructions from DOS Circular Letter No. 24 dated August 5, 2019. Effective from November 15, 2022, and until further notice regarding the implementation of the government's announced changed office schedule, banking operations shall follow a specific timetable: from Saturday to Thursday, office hours are 10:00 AM to 5:00 PM, while transaction hours are restricted to 10:00 AM to 3:30 PM. Fridays and Saturdays are designated as weekly holidays.
50 119 Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh Department of Offsite Supervision DOS Circular Letter No.-35 Date: 18 Kartik 1429 03 November 2022 Managing Director/Chief Executive Officer All Scheduled Banks operating in Bangladesh. Regarding the determination of office and transaction hours. Dear Sir, 2. The instructions issued in DOS Circular Letter No.-24 dated 05 August 2019 regarding keeping branches/sub-branches/booths of banks located in sea/land/air port areas open in the morning will remain in force. These instructions are issued under the powers conferred by Section 45 of the Bank Company Act, 1991. Yours faithfully, (Md. Abdul Mannan) Director (DOS) Phone: 9530314 Until further instructions are issued regarding the implementation of the government's announced changed office schedule, banking operations will be conducted according to the following schedule from 15 November 2022: Day Office Hours Transaction Hours Saturday to Thursday 10:00 AM to 5:00 PM 10:00 AM to 3:30 PM Friday and Saturday Weekly Holiday.