Bangladesh Bank launched the programme in November 2010, asking all banks to let students open accounts at all their branches. Under the programme, students aged between 6 and 18 are allowed to open bank accounts. In private banks, 846,556 school banking accounts have been opened so far, or 61.59% of the total accounts. On the other hand, in term of deposit volume, DBBL’s deposits in school accounts stand at Tk360 crore, which is 33% of the total, while deposits at IBBL stand at Tk107 crore, Eastern Bank at Tk95 crore, United Commercial Bank at Tk57 crore and Rupali Bank at Tk50 crore. We have already attended several school banking conferences in rural areas, where senior central bank officials spoke to encourage students in school banking.”

Source: Dhaka Tribune September 21, 2017 12:11 UTC