Regulatory Alerts2025-03-16
Added
FID Circular Letter No. 01: Enhancing Student Engagement in Financial Inclusion under School Banking Policy
The document mandates all scheduled banks operating in Bangladesh to implement school banking services at least one educational institution near each of their branches, with banks determining specific institutions to avoid overlap. Banks are required to facilitate account opening and management, promote financial literacy among students, and submit quarterly reports on these activities to the relevant Bangladesh Bank office. Additionally, progress reports regarding branch counts, student accounts, transaction volumes, and financial literacy initiatives must be filed with the Financial Inclusion Department according to previous circular guidelines, with this directive taking immediate effect.
Topics
Share