FID Circular Letter No. 02: Regarding transaction of 'Bangabandhu Shikkha Bima' policy through School Banking Account

50119

Bangladesh Bank
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh.

Financial Inclusion Department

FID Circular Letter No. 02/2021
Date: 19 September 2021
04 Ashwin 1428

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

Dear Sir,

Regarding the conduct of transactions related to 'Bangabandhu Shikkha Bima' through school banking accounts.

2. Reference is drawn to your attention to GBGSRD Circular No. 07 dated 28 October 2013, FID Circular No. 03 dated 27 September 2015, and FID Circular Letter No. 02 dated 26 January 2016.

3. As part of the initiative by the Government of the People's Republic of Bangladesh, with the overall cooperation of the Insurance Development and Regulatory Authority, work has begun to implement 'Bangabandhu Shikkha Bima' in honor of the Father of the Nation, Bangabandhu Sheikh Mujibur Rahman, during the Mujib Century. In the field of 'Bangabandhu Shikkha Bima', the Life Insurance Corporation will perform the role of insurer. The relevant financial transactions for 'Bangabandhu Shikkha Bima' will be completed through students' school banking accounts. No kind of service charge/fee deduction will be allowed. Students must be encouraged to open school banking accounts and continue transactions.

4. In addition, the other instructions mentioned in the aforementioned circulars and circular letters will remain unchanged.

Yours faithfully,

(Md. Ruhul Amin)
General Manager
Phone: 9530343
Email: amin.ruhul@bb.org.bd

Phone: 88-02-9550448, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530479, www.bb.org.bd