Bank accounts with above Tk 10m rise amid economic crisis

The number of account holders with deposits of Tk 10 million and above, has gone up to 1,08,457 as of June in Bangladeshi banks, amid the economic crisis. 

Bangladesh Bank’s updated data revealed that at the end of the June quarter, the number of accounts with Tk 10 million and above deposits stood at 1,08,457.  

In the March quarter, the number of these accounts was 1,03,597, reports UNB. 

This means the number of accounts with Tk 10 million and above has increased by 4,860 in three months. 

Economist and former governor of Bangladesh Bank, Dr. Salehuddin Ahmed, said that it happened due to the country’s income and wealth inequality. 

He said the rich are getting richer and the incomes of the lower-middle and middle-income people are shrinking. 

At the beginning of this year, in the quarter of December 2021, the number was 1,00976. And a year ago in June 2021, the number of bank accounts with Tk 10 million and above was 99,918. 

According to the Bangladesh Bank report, the total number of depositors in the banking sector till June 2022 stood at 12,95,14,513. The deposit amount was around Tk 15.74 trillion.  

The number of depositors till March 2022 was 12,73,52,893 and total deposits were Tk 15.15 trillion.