School banking brings saving mentality

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Economic Reporter :
School banking has brought a saving mentality among the school going students across the country. Already, the school banking witnessed a positive response in the country. School banking recognized a popular saving instrument among the students in rural and urban areas.
As on December 2014 around 8 lakh and 50 thousand-school banking accounts have been opened with outstanding savings of Tk.717.49 crore, said Bangladesh Bank Governor Dr. Atiur Rahman at a function in the city recently.
According to Bangladesh Bank data, some 307,764 accounts were opened under rural bank branches while 542,539 accounts were opened under urban bank branches.
School banking is a success story in the banking industry, was initiated by the Bangladesh Bank in November 2010, with a vision to strengthen inclusive growth and engaging the base of pyramid of the population with financial activities.
 Banks have started school banking programme since 2010. Gradually the number of banks increased and accounting books of school banking got volumes. Currently, 49 scheduled banks are opening school banking account.
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