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Bangladesh Saving Certificates- This five year saving scheme provides return of around 12.2% at maturity with varying degree of returns for premature withdrawal depending on the duration of investment. Maximum allowable investment in this scheme is capped to Tk 30,00,000/- for individual investors and Tk 60,00,000/- for joint investors.
Bank rate, also known as discount rate in American English, [1] and (familiarly) the base rate in British English, [2] is the rate of interest which a central bank charges on its loans and advances to a commercial bank. The bank rate is known by a number of different terms depending on the country, and has changed over time in some countries as ...
Palli Sanchay Bank had 34.45 billion taka in 2021 which was a decrease of 2.74 billion taka from 37.19 billion taka in 2020. [11] It has deposited 3.04 billion taka with the Bangladesh Commerce Bank Limited. [11] An audit by Bangladesh Bank found evidence of loan forgery and embezzlement. [11]
Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh. [5] [6] It provides small loans (known as microcredit or "grameencredit") [7] to the impoverished without requiring collateral. Grameen Bank is a statutory public authority.
Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
Bangladesh Electronic Fund Transfer Network (BEFTN) is a Bangladeshi electronic fund transfer network between banks within Bangladesh. [1] Its main purpose is to transfer funds between bank accounts. [2] The network can settle debit and credits. Salary, bill, dividend, interest could be paid through the system.
The Daily Star reported on 17 April 2013 that Rajshahi Krishi Unnayan bank officials were taking bribes to give loans to farmers. [19] Bangladesh Bank set six conditions for Rajshahi Krishi Unnayan Bank to open new branches in January 2014 including 80 per cent of existing branches must be profitable. [20] Its defaulted loans dropped in 2014. [21]
Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. According to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 ...