The Bangladesh Bank has ordered banks to waive penal charges for credit card customers until June for any late payment amid the ongoing lockdown due to a coronavirus outbreak. The central bank announced the move in a circular issued on Saturday, bdnews24.com reported. If a bank has imposed any charges in the meantime, it has to pay it back to the customer. As a result, it is not possible for many to pay credit card fines or extra charges in this situation,” Abu Farah Md Naser, executive director of Bangladesh Bank, said. “Bangladesh Bank has taken this decision considering the overall situation.”The order bars banks from showing credit card customers as defaulters until June, Naser said.

Source: bd News24 April 04, 2020 09:00 UTC