Banks to remain closed in lockdown areas

Business
Banks to remain closed in lockdown areas
Bangladesh Bank has ordered halting businesses of bank branches found in areas place under lockdown by the government through the general holidays to avoid the pass on of coronavirus.

The central bank also reduced the transaction time by 30 minutes.

Both orders will come into effect from April 12 (Sunday).
A circular, issued by the Section of Off-site Guidance of the central bank, said the bank branches found in the lockdown areas will stay closed in accordance with the announcement of the local administration. 

About the bank operation hour, it said the concerned branches of banks and their head offices will operate transaction and other banking activities from 10am to 12:30pm instead of 10am to 1pm as the banks will stay start to 2pm for other activities. 

However, the authorised sellers designated banks can do their basic banking until 1:30pm considering their personal needs, the circular said.

Bangladesh Bank also asked the banks to maintain the safeness and hygiene related rules of the World Wellbeing Organisation (WHO) even while operating the banks. 

Also read: Banking institutions to remain open during holidays

Previously April 2, the central bank extended the procedure hour by 60 mins which allowed banking institutions to remain start from 10am to 3pm with purchase period from 10am to 1pm during the general holidays.
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