Regulatory Alerts2020-07-06
Added · Updated
FID Circular No. 02: Disbursement of cash assistance to 50 Lac COVID-19 affected families during Mujibborsho
The document mandates scheduled banks in Bangladesh to facilitate cash assistance for 50 lakh COVID-19 affected families by opening bank accounts with a 10 Taka deposit using only National ID or Smart Card information and Upazila Executive Officer certification for beneficiaries without mobile phones or access to mobile financial services. It requires banks to provide debit vouchers for cash disbursement to beneficiaries who do not possess checkbooks and exempts existing account holders from opening new accounts. This directive applies to all scheduled banks operating in Bangladesh to ensure the implementation of the Prime Minister's decision regarding the Mujibborsho initiative.