Staff Reporter :
People would no longer require going through the time-consuming manual process to get the return from their investments in saving certificates as Bangladesh Bank (BB) has introduced electronic payment of the interest and principal amount of all saving instruments.
The central bank on Thursday said it had started payment of the interest and the principal amount of saving certificates directly to the bank accounts of their owners through electronic fund transfer (EFT) system.
The central bank asked all banks to make necessary arrangement to transfer interest and principal amount of saving certificates to their respective client accounts through EFT.
The banks have also been advised to publicise the information to make public more aware about the direct transfer facility so they could get better services.
People would no longer require going through the time-consuming manual process to get the return from their investments in saving certificates as Bangladesh Bank (BB) has introduced electronic payment of the interest and principal amount of all saving instruments.
The central bank on Thursday said it had started payment of the interest and the principal amount of saving certificates directly to the bank accounts of their owners through electronic fund transfer (EFT) system.
The central bank asked all banks to make necessary arrangement to transfer interest and principal amount of saving certificates to their respective client accounts through EFT.
The banks have also been advised to publicise the information to make public more aware about the direct transfer facility so they could get better services.
