The central bank issued a guideline yesterday through a circular with immediate effect

Bangladesh Bank has allowed bank account with Tk10 for the street children to save their income.

The central bank issued a guideline yesterday through a circular with immediate effect.

Bangladesh Bank will prepare a list of NGO (non government organization) who interest to conduct bank account of street children, said the circular.

Interested NGOs asked to apply to be included in the list to the Green Banking and CSR Department of Bangladesh through a scheduled bank.

NGO’s good will, credibility, experience and infrastructure facilities will be considered in case of enlistment.

No service charge will be taken from the accounts. Account holder will be allowed to conduct the account reaching the 18 years old.

Bangladesh Bank introduced a policy for school banking last year, where young people between 6-18 years can open account starting from Tk100 and use the opportunity to save their money for education, stipend money and so on.

From November 2, 2010 till December 31, 2013, some 2,86,000 school students have opened bank accounts.

News:Dhaka Tribune/10-Mar-2014