Rule · BB · 6 Jul 2020
The Prime Minister's Office of Bangladesh has decided to provide cash assistance to 50 lakh families affected by COVID-19 during Mujibborsho. Scheduled banks are instructed to open bank accounts with a 10 Taka deposit for beneficiaries without mobile phones or those unable to use mobile financial services, using only National ID or Smart Card information and Upazila Executive Officer certification. For beneficiaries without cheque books, banks must arrange for cash disbursement via debit vouchers. Existing account holders are exempt from opening new accounts.
FINANCIAL INCLUSION DEPARTMENT
BANGLADESH BANK
HEAD OFFICE
DHAKA.
FID Circular No.-02/2020 Dated:
Managing Director/Chief Executive Officer
All Scheduled Banks operating in Bangladesh.
Disbursement of cash assistance to 50 Lac COVID-19 affected families during Mujibborsho.
In order to provide cash assistance to 50 lakh families affected by COVID-19 (Coronavirus) during Mujibborsho, the following decisions have been taken by the Office of the Prime Minister of the People's Republic of Bangladesh:
a) For beneficiaries who do not have a mobile phone or for whom it is not possible to open a mobile financial service account, bank accounts with a 10/- Taka deposit shall be opened solely on the basis of National ID or Smart Card information and certification by the Upazila Executive Officer; b) Measures shall be taken to provide cash to beneficiaries through debit vouchers if they do not have a cheque book; c) However, if any beneficiary is already an account holder of any bank, there is no need to open a new bank account for them.
You are hereby directed to take necessary measures for the implementation of this decision.
Yours faithfully,
(Md. Anowarul Islam)
General Manager
Phone-9530543
Email: fid@bb.org.bd
22 Asharh 1427
06 July 2020
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
More like this from BB
We email you every new BB publication the day it's published.
Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated