Economic Reporter :
School banking is gradually getting huge response among the students across the country as deposits with the banking accounts have crossed Taka 1,200 crore at the end of September 2017.
The central bank’s latest quarterly report on financial inclusion shows that a total of Taka 1,254.23 crore was deposited with 13,87,617 school banking accounts at 56 scheduled banks up to September 30 this year.
BB data shows that deposit with the school children’s accounts at the state-owned banks increased to Taka 159.74 crore or 12.74 percent on September 30 in the year from Taka 116.19 crore.
The figure rose to Taka 1,061.66 crore from Taka 839.39 crore in the private commercial banks, to Taka 8.92 crore from Taka 8.03 crore in the foreign commercial banks, and to Taka 23.91 crore from Taka 18.98 crore in the specialised banks.
Dutch-Bangla Bank, Islami Bank Bangladesh, Eastern Bank, United Commercial Bank and Rupali Bank are the five institutions that pulled most of the deposits from the students.
During the July to September period, the deposit amount and accounts have increased by 22.87 percent and 10.36 percent respectively compared to the corresponding period of the preceding year.
During July to September 2016, deposits with the school banking accounts were Taka 982.59 crore and accounts were 12,55,026.
According to the report, the school banking service is more popular in cities than in rural areas as 8,43,607 school banking accounts were opened in cities against 5,44,010 accounts in rural areas.
School banking is gradually getting huge response among the students across the country as deposits with the banking accounts have crossed Taka 1,200 crore at the end of September 2017.
The central bank’s latest quarterly report on financial inclusion shows that a total of Taka 1,254.23 crore was deposited with 13,87,617 school banking accounts at 56 scheduled banks up to September 30 this year.
BB data shows that deposit with the school children’s accounts at the state-owned banks increased to Taka 159.74 crore or 12.74 percent on September 30 in the year from Taka 116.19 crore.
The figure rose to Taka 1,061.66 crore from Taka 839.39 crore in the private commercial banks, to Taka 8.92 crore from Taka 8.03 crore in the foreign commercial banks, and to Taka 23.91 crore from Taka 18.98 crore in the specialised banks.
Dutch-Bangla Bank, Islami Bank Bangladesh, Eastern Bank, United Commercial Bank and Rupali Bank are the five institutions that pulled most of the deposits from the students.
During the July to September period, the deposit amount and accounts have increased by 22.87 percent and 10.36 percent respectively compared to the corresponding period of the preceding year.
During July to September 2016, deposits with the school banking accounts were Taka 982.59 crore and accounts were 12,55,026.
According to the report, the school banking service is more popular in cities than in rural areas as 8,43,607 school banking accounts were opened in cities against 5,44,010 accounts in rural areas.
