Depositors to get back max Tk 2 lakh on liquidation of bank, financial institution
According to the existing deposit protection law, depositors are entitled to a maximum refund of Tk1 lakh in case of a bank liquidation
Depositors are set to get a maximum refund of Tk2 lakh if any bank or financial institution is liquidated, according to a draft of the "Deposit Protection Ordinance, 2025".
The ordinance, drafted by the Bangladesh Bank, has been published by the Ministry of Finance on the website of the Financial Institutions Division today (23 March).
The ministry has sought opinions from stakeholders on the ordinance as well.
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According to the existing deposit protection law, depositors are entitled to a maximum refund of Tk1 lakh in case of a bank liquidation.
Although the previous Awami League government took an initiative to amend it to Tk2 lakh, it was not implemented at the time.
More to follow...
