Regulatory Alerts2020-05-13
Added · Updated
PSD Circular No. 04: Disbursement of Cash Assistance for 50 Lac Distressed Families through MFS
The Payment Systems Department of Bangladesh Bank directs all scheduled banks and mobile financial service providers to ensure uninterrupted transactions for the government's cash assistance program. This program provides a one-time cash aid of 2,500 Taka to 500,000 poor families via Mobile Financial Services (MFS). Providers are instructed to open MFS accounts based on National ID numbers from the Ministry of Finance's beneficiary list and to ensure adequate cash supply at agent points for successful distribution.