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Accounts With Tk One Crore and Above: Banks see deposit surge


The number of these accounts also rose to 71,346 last year from 62,710 in 2019.
The Daily Star talked to a number of bankers, tax officials and analysts, who pointed out that there is a strong link between the deposit growth and the opportunity given to whiten black money.
They also referred to the reduced scope for laundering money abroad amid the Covid-19 pandemic and also cap on investment in national savings certificates.
In the current fiscal year, the government gave the opportunity to whiten black money by declaring undisclosed wealth and income in tax returns upon payment of only 10 percent tax on the undisclosed amount without any questions about the sources of income. ....

Nasir Uddin Ahmed , Abdus Salam Azad , Syed Mahbubur Rahman , Manirul Huda , Ahsanh Mansur , Muhammad Abdul Mazid , Mutual Trust Bank Ltd , Research Institute Of Bangladesh , Janata Bank Ltd , Bangladesh Bank , National Board Of Revenue , Bangla Bank Ltd , Bangladesh Tax Lawyer Association , Daily Star , National Board , Mahbubur Rahman , Abul Kashem Md Shirin , Dutch Bangla Bank Ltd , Abdul Mazid , Policy Research Institute , அப்துஸ் சலாம் அசாத் , முஹம்மது அப்துல் மாஜித் , பரஸ்பர நம்பிக்கை வங்கி லிமிடெட் , ஆராய்ச்சி நிறுவனம் ஆஃப் பங்களாதேஷ் , ஜனதா வங்கி லிமிடெட் , பங்களாதேஷ் வங்கி ,

MFS industry swells riding on low-income groups


MFS industry swells riding on low-income groups
Cash-out charge unchanged since 2011
Mobile financial services have gained immense popularity in Bangladesh, particularly among lower-income groups, but the charge to withdraw funds has remained almost unchanged since the inception of the digital platform in 2011.   
As a result, most clients have to fork out Tk 18.50 to withdraw Tk 1,000 from their accounts. It was the same when the service was rolled out.
Although some MFS providers have recently slashed the charge to Tk 14, users and analysts say the rate is still higher, and a further reduction will benefit the poor, who avail the money withdrawal service through mobile phones most. ....

Sydul Haque Khandker , Tanvir Ahmed Mishuk , Shamsuddin Haider Dalim , Fahmida Khatun , Selim Raihan , Atiur Rahman , Wahidur Rahman , Serajul Islam , University Of Dhaka , United Commercial Bank , Bangladesh Telecommunication Regulatory Commission , Centre For Policy Dialogue , Bangladesh Bank , Bangla Bank Ltd , Bangladesh Post Office , Asian Network On Economic Modeling , Hoq Nissan , Daily Star , Kashem Md Shirin , Dutch Bangla Bank Ltd , South Asian Network , Economic Modeling , Prof Raihan , Haque Khandker , Ahmed Mishuk , Haider Dalim ,

'Nagad' to distribute 45pc of PM's Eid gift; each low-income family to receive Tk 2,500


‘Nagad’ to distribute 45pc of PM’s Eid gift; each low-income family to.
‘Nagad’ to distribute 45pc of PM’s Eid gift; each low-income family to receive Tk 2,500
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DHAKA, April 19, 2021 (BSS) – ‘Nagad’, the digital financial service of Bangladesh Post Office, will distribute the lion share or around 45 percent of the Prime Minister Sheikh Hasina’s Eid gift to be delivered this time among around 33.39 lakh low-income group people who have been affected from the current COVID-19 pandemic situation.
Earlier in last year when the pandemic hit the country, the Prime Minister’s Eid gifts were delivered among some 34.06 lakh affected families through mobile financial services (MFS). ....

Sheikh Hasina Eid , Prime Minister , Tanvira Mishuk , Sheikh Hasina , Bangladesh Post Office , Dutch Bangla Bank Ltd , Ministry Of Agriculture , Bangladesh Bank , Prime Minister Sheikh Hasina , Managing Director , ப்ரைம் அமைச்சர் , ஷேக் ஹசினா , பங்களாதேஷ் போஸ்ட் அலுவலகம் , டச்சு பங்களா வங்கி லிமிடெட் , பங்களாதேஷ் வங்கி , ப்ரைம் அமைச்சர் ஷேக் ஹசினா , நிர்வகித்தல் இயக்குனர் ,