Banks losing documents

Banks in Bangladesh have been losing documents submitted by clients despite assurances about security of transactions and savings. The list of loss ranges from cheques, demand drafts, documents on Fixed Deposit Receipt (FDR), Security Deposit Receipt (SDR), Mudaraba Term Deposit Receipt (MTDR), pay orders and Letter of Credit (L/C) documents for export and import. Various branches of at least 14 banks in Dhaka and outside have reported losing such documents in the past 2 months. Social Islami Bank Ltd (SIBL) have lost two MTDRs, Dhaka Bank’s general division seven cheque books of as many clients, one MTDR has gone missing from Union Bank, two pay orders from South Bangla Agricultural Bank, two export loan documents from NCC Bank and six demand drafts, seven pay orders and documents for 25 FDRs were lost from the Rupali Bank. According to the Bangladesh Bank, a bank must take responsibility if a document is stolen from its custody, according to bdnews24.com.