Regulatory Alerts2018-01-28
Added · Updated
FID Circular Letter No. 01: Opening of Bank Accounts for Students Under School Banking Guidelines Annexure
Scheduled banks must convert school banking accounts to general accounts for students who have turned 18, based on account holder consent. Banks providing banking services via mobile financial services or disbursing government scholarships must open school banking accounts for relevant students. Quarterly progress reports on the school banking program, using the updated annexure table, must be submitted to the Financial Inclusion Department.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share