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POST TIME: 1 November, 2019 00:00 00 AM / LAST MODIFIED: 1 November, 2019 12:03:54 AM
BB asks banks to reduce account maintenance fees
BSS, Dhaka

BB asks banks to reduce account maintenance fees

Bangladesh Bank (BB) has issued a master circular for account maintenance fees of the scheduled banks for increasing deposits in the banking sector and bringing the small depositors in banks. The central bank, in a circular, yesterday instructed the scheduled banks not to cut any maintenance fee for average deposits of up to Tk 10,000 in savings accounts which was earlier Tk 5,000.

BB also instructed banks to cut Tk 300 in each six months for current accounts which was earlier Tk 500. BB also asked banks to cut maximum Tk 100 for average deposits from Tk 10,000 to Tk 25,000 in savings accounts, while 200 for Tk 25,000 to Tk 2 lakh, Tk 250 for Tk 2 lakh to Tk 10 lakh and Tk 300 for Tk10 lakh and above.