Bangladesh Bank cut the transaction time for banks by three and a half hours for the week-long lockdown aimed to prevent the increasing rate of corona infections.
Now, the transactions will be carried out from 10am to 12:30pm — a step the central bank has taken only to meet banking emergencies.
However, the country’s lenders will operate from 10am to 2pm, the central bank said in a notice issued on Sunday.
Various payment and clearing systems introduced by the central bank should continue for all types of deposits and withdrawals, distribution of allowance under the various social programmes of the government, remittance payments, and payment of utility bills.
Lenders who have multiple branches within two kilometres in the city corporation and district headquarters will be able to open one branch apart from an authorized dealer branch, as per the BB notice.