BB’s initiative to develop saving habits may go in vain

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Mohammed Badrul Ahsan :
The country’s scheduled banks are still reluctant to extend their services to street children and child workers as they (banks) opened only 3,582 accounts for them (children) as on December 30, 2016, sources said.
On March 10, 2014, Bangladesh Bank in a circular asked all banks to allow street children and child workers to open bank accounts with a Tk 10 minimum initial deposit.
The central bank took the initiative to help street children develop saving habits and eventually help them step forward towards a better future.
According to the latest BB data, the total deposits in the street children’s accounts stood at around Tk 25 lakh at the end of December 2016.
Seventeen of the 57 scheduled banks have so far opened these accounts. The banks are Sonali Bank, Janata Bank, Rupali Bank, Agrani Bank, Bangladesh Krishi Bank, Bangladesh Development Bank, Bank Asia, Mercantile Bank, Mutual Trust Bank, National Bank, NCC Bank, One Bank, Pubali Bank, The City Bank, Trust Bank, Al-Arafah Islami Bank and Uttara Bank.
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