Skip to main content
Latest

President gets special permission to withdraw Tk 20 lakh from merged Global Islami Bank

Advertisement
President gets special permission to withdraw Tk 20 lakh from merged Global Islami Bank
President Md. Sahabuddin has received special permission to withdraw deposits beyond the limit set by Bangladesh Bank for the five merged banks. Considering medical needs, the central bank has allowed him to withdraw Tk 20 lakh from his account at Global Islami Bank.

According to Bangladesh Bank and related sources, the President applied to Bangladesh Bank through Global Islami Bank's Gulshan Corporate Branch in late May. In the application, he sought permission to withdraw Tk 30 lakh from his account for medical and family expenses. Later, on June 16, the central bank allowed him to withdraw Tk 20 lakh.

Advertisement
300*250 Ad-A-P1

Bangladesh Bank has set withdrawal limits for depositors of the five merged banks under the Bank Resolution Scheme. Under this arrangement, a depositor can withdraw a maximum of Tk 2 lakh at a time. Thereafter, those with deposits exceeding Tk 2 lakh can withdraw a maximum of Tk 1 lakh every three months.

Advertisement
300*250 Ad One-Green

However, in cases of serious illness, there is a provision to withdraw up to Tk 10 lakh per month under special consideration. Although many depositors have complained that they are not getting this special facility despite having the need.

Confirming the matter, Bangladesh Bank's Executive Director and Spokesperson Arif Hossain Khan said, President Md. Sahabuddin had applied through Global Islami Bank seeking permission to withdraw money for medical treatment. Although the repayment of deposits is governed under the Bank Resolution Scheme, considering the President's constitutional status and special circumstances, he has been allowed to withdraw Tk 20 lakh.

Advertisement
728*90 Ad One-Y

He further said, there is a provision for special arrangements for depositors suffering from complex diseases. In exceptional circumstances, similar special permissions have been given to a few depositors before.

Advertisement
728*90 Ad One-P
Advertisement
728*90 Ad One-be
Dhaka Magazine Follow our Google News channel for updates
National More from
Call to build modern healthcare through the application of artificial intelligence
Adviser to the Prime Minister on Public Administration and BNP National Standing Committee member Md. Ismail Zabiullah

Call to build modern healthcare through the application of artificial intelligence

1 hour ago
Tourist numbers and travel rules on Saint Martin's Island to be reconsidered: Environment Minister

Tourist numbers and travel rules on Saint Martin's Island to be reconsidered: Environment Minister

5 hours ago
Adviser seeks UNDP support for public administration reform and good governance

Adviser seeks UNDP support for public administration reform and good governance

5 hours ago
Target to collect data of 44.5 million households by December

Target to collect data of 44.5 million households by December

6 hours ago
Bangladesh will not sit idle if Mecca-Medina is attacked: Shama Obaid

Bangladesh will not sit idle if Mecca-Medina is attacked: Shama Obaid

6 hours ago
Not religion, ensuring everyone's rights as citizens is the responsibility: Prime Minister

Not religion, ensuring everyone's rights as citizens is the responsibility: Prime Minister

6 hours ago