BB Stock – Transaction hours at banks, bourses extended by 30 minutes
The Bangladesh Bank on Sunday extended the banking transaction hours to 2:30pm from 2:00pm for the extended period of Covid restrictions till May 30.
A circular issued by the BB’s off-site supervision department on Sunday said that banks would offer services to their clients from 10:00am to 2:30pm on every working day.
The circular also allowed banks to keep their branches open for an hour after the transaction closure to complete transaction-related tasks.
The Bangladesh Securities and Exchange Commission on Sunday decided to extend trading hours on the stock exchanges — Dhaka Stock Exchange and Chittagong Stock Exchange — by 30 minutes from today. Trading on the stock exchanges will continue from 10:00am to 2:00pm during the extended period of the Covid restrictions.
Banks had been offering services to their customers for four hours from 10:00am to 2:00pm on every working day except government holidays since May 6 amid the restrictions the government is enforcing to check the spread of Covid-19.
In April 14 -May 5, banking transaction services were available for three hours in working days amid the Covid restrictions.
Sunday’s BB circular came after the extension of on-going Covid restrictions till May 30 from May 23 by the government as the Covid-19 infection rate is still around 8 per cent.
The BB in its circular also mentioned that banks would have to follow its other instructions issued on April 13.
Under the BB’s instruction, banks will have to facilitate all sorts of deposits and withdrawals, issuance and deposit of demand drafts or pay orders, treasury challan, government’s payments against social safety net programmes, payments of foreign remittance, domestic and interbank fund transfers, encashment or interest payments against NRB bond and different national saving certificates, utility payments and transactions through the BB’s payment or clearing systems.
Besides banks, non-bank financial institutions would also provide services to their customers on a limited scale during the extended period of Covid restrictions.