BB clarifies merging banks’ deposit withdrawal facility yet to start

The Bangladesh Bank (BB) on Friday clarified that no specific date has been fixed for the start of fund withdrawal by depositors of five banks currently undergoing a merger process.

The central bank cautioned the public against misinformation circulating in various media outlets in this regard.

"The process to allow depositors of these five banks to withdraw a maximum of Tk2,00,000 based on their requirements will commence shortly," said BB Executive Director and spokesperson Arif Hossain Khan in a message.

However, he emphasised that no specific date or time has yet been finalised for the start of the withdrawal facility.

The clarification was prompted by recent reports on social media and certain news platforms claiming that depositors of one of the merging banks could begin withdrawing money from Monday.

The Bangladesh Bank has officially stated that this information is incorrect and baseless.

The central bank urged all stakeholders and the general public not to be misled by such false information.