BB changes schedule of charges

The Bangladesh Bank has streamlined the schedule of charges for opening of new bank accounts, processing of loans and early settlement of term-loan.
In its master circular, the central bank has fixed Tk 500 and Tk 1000 as charges for opening new savings and current accounts respectively.
It also revised the rate of fees downward to 0.5 per cent from the existing 2.0 per cent for early settlement of term loan.
However, the early settlement fee will not be applicable to CMSMEs’ loans, particularly for current and demand loans, it said.

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