PSD Circular No. 03: Opening MFS Accounts for Workers of Export-Oriented Industries

Payment Systems Department
Bangladesh Bank
Head Office, Dhaka.
PSD Circular No. 3 Date:
Managing Director / Chief Executive Officer
All Scheduled Banks
All Mobile Financial Service Providers

Dear Sir,

Context of opening Mobile Financial Service (MFS) accounts for workers/employees of active export-oriented industries for the payment of salaries/benefits.

Following BRPD Circular No. 07, dated: 02 April, 2020, it is informed that in the context of the outbreak of Novel Coronavirus (COVID-19), the following instructions are issued for the payment of salaries/benefits to workers/employees of active export-oriented industries through the bank or Mobile Financial Service (MFS) accounts declared by the Government of Bangladesh as financial incentives:

1. To ensure the payment of salaries/benefits to workers/employees of active export-oriented industries through direct participation of all parties, the program for opening Mobile Financial Service (MFS) accounts should be completed by 20 April, 2020, to fulfill the objectives of the appropriate BRPD Circular.

2. For this purpose, MFS accounts will be opened based on the National ID/Birth Registration Certificate of workers/employees.

3. No type of charge/fee will be collected in such account opening.

4. In this regard, the respective industries will take necessary programs including propaganda to create awareness and encourage customers to open accounts for the intended purpose.

These instructions will be implemented immediately.

Yours faithfully,

(Md. Majbaur Haque)
General Manager
Phone: 02-9530174
23 Chaitra 1426
06 April 2020