Regulatory Alerts2018-12-17
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FID Circular Letter No. 02: Regarding transformation of school banking account into general savings account
The document advises scheduled banks in Bangladesh to promptly convert school banking accounts of students who have reached the age of 18 into general savings accounts, subject to the account holder's consent. Banks are required to regularly report progress on this conversion to the Financial Inclusion Department using the format specified in the attachment of FID Circular Letter No. 01 dated January 28, 2018.
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