Savings certificates encashment and coupon payment can be made during shutdown
Bank transaction hours have been extended to three hours – from 10am to 1pm from Sunday
Investors can now encash matured savings certificates and get coupon payments within the limited banking hours during the shutdown.
The Bangladesh Bank issued a circular on Sunday regarding this, and included these two kinds of services on a limited scale of banking operation.
The government initially imposed the shutdown across the country from March 26 and asked banks to keep their services open on a limited scale so that people could draw money to meet their financial needs.
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From March 29 banks were providing service only for two hours; but from Sunday banking transaction hours have been extended to three hours – from 10am to 1pm.
In this limited scale operation, banks will provide cash transaction, cheque clearing, demand draft, pay orders, treasury chalan (bill) submission, and other services under the payment and clearing system.
Now encashing savings certificates after maturity and coupon payment have been added to the list of limited scale operations.
