BB clarifies cash withdrawal limits for five merging banks

Bangladesh Bank (BB) on Friday issued a clarification regarding the withdrawal of funds by depositors of five banks currently undergoing a merger process, cautioning the public against misinformation circulating in various media outlets, reports BSS.

"The process to allow depositors of these five banks to withdraw a maximum of Taka 2,00,000 based on their requirements will commence shortly," said BB Executive Director and spokesperson Arif Hossain Khan through a message.

However, he emphasized that no specific date or time had yet been finalized for the start of this withdrawal facility.

The clarification was prompted by recent reports on social media and certain news platforms claiming that depositors of one of the merging banks could begin withdrawing money from Monday.

The Bangladesh Bank has officially stated that this information is incorrect and baseless.

The central bank urged all stakeholders and the general public not to be misled by such false information.