FID Circular Letter No. 01: Opening of Bank Accounts for Students Under School Banking Guidelines Annexure

FINANCIAL INCLUSION DEPARTMENT BANGLADESH BANK HEAD OFFICE DHAKA.

FID Circular Letter No.: 01 Date: 28 January, 2018 15 Magh 1424

Managing Director / Chief Executive Officer All Scheduled Banks operating in Bangladesh

Dear Sir,

Regarding the opening of bank accounts for students under the School Banking Program.

Reference is drawn to your attention to GBSCR Circular No. 07 dated 28 October 2013 and FID Circular Letter No. 02 dated 04 November 2015.

Among the accounts opened under the School Banking Program, for those school banking accounts where the student's age has exceeded 18 years, steps must be taken to convert such accounts into general accounts with the consent of the account holder, in accordance with Clause 16.2 of the School Banking Guidelines issued through GBSCR Circular No. 07 dated 28 October 2013. Furthermore, for those scheduled banks that are providing banking services to various students through mobile financial services or disbursing government scholarships/fellowships, steps must be taken to open school banking accounts for such students under the purview of their banking accounts.

With reference to the aforementioned FID Circular Letter No. 02 dated 04 November 2015, it is requested to submit information on the progress of the School Banking Program to the Financial Inclusion Department on a quarterly basis according to the attached table replacing Annexure 'B' of that circular. The other instructions contained in the said circular letter shall remain unchanged.

Yours faithfully,

(Md. Abul Bashar) General Manager Phone: 9530343

Annexure-B

	Rural	Urban	Rural	Urban	Rural	Urban	Rural	Urban	Rural	Urban	Rural	Urban	Rural	Urban	Rural	Urban	Rural	Urban	Rural	Urban	Rural	Urban	Rural	Urban
Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student	Student
1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24
1	Dhaka
2	Chittagong
3	Rajshahi
4	Khulna
5	Barishal
6	Sylhet
7	Rangpur
8	Mymensingh
Total

Notes:

1. Educational Institution means any type of educational institution approved by the government.
2. Rural/Urban under the purview of this circular letter shall apply the existing definition of Bangladesh Bank.
3. Institution-based financial services mean the services mentioned in FID Circular No. 3 issued on 27 September 2015.
4. Capitalized information must be provided in the report.

School Banking (Bank Account) Index based on Educational Institution

Serial No.	Division	Number of Accounts Converted from School Banking Account to General Account	Number of Accounts	Balance (in Crore Taka)	Number of Students	Number of Beneficiary Students/Students	Number of Educational Institutions	Number of Schools	Institution-based Financial Signature/Education Index	Institution-based Financial Services Index	Number of Bank Accounts of Students who have exceeded 18 years
					Male	Female	Male	Female

Quarterly Report on Institution-based Financial Signature/Education and Financial Services Index for the Month of March/June/September/December of the Year.

Bank Ltd. Head Office.