Bangladesh Bank (BB) has eased the procedures of offering banking services to the street children, with lifting the condition of mandatory permission from BB by the non-government organisations (NGOs), reports BSS.
The central bank in a directive yesterday said interested NGOs now can apply to any scheduled bank for offering the services to the street children.

On receiving application, the bank will sign a memorandum of understanding (MoU) with the concerned NGO after considering its credibility and track records in operations.
The bank will submit all necessary documents to the Green Banking and CSR Department of BB within 15 days after launching of the banking services to the street children.
On March 10, 2014 the central bank in a circular asked all banks to allow street children and child workers open bank accounts by taking a deposit of Tk 10 only, which the banks are now offering to farmers and others who cannot afford normal banking services.
Following the directive, 10 banks teamed up with the non-government organisation Save the Children for offering the service to the destitute children who have no option other than living and working in railway stations, bus and ferry terminals, slums and footpaths.