The Financial Express

‘Open MFS accounts for industry workers by April 20’

Central bank asks authorities concerned

Published: April 07, 2020 17:04:58 | Updated: April 07, 2020 18:25:58

‘Open MFS accounts for industry workers by April 20’

Bangladesh Bank (BB) has issued an instruction on opening mobile financial service (MFS) accounts for all workers and employees of export-oriented industries and factories by April 20.

 “The central bank has asked the authorities concerned to open the MFS accounts to provide salaries and allowances for the workers and employees from the stimulus package, announced by the government,” said a BB circular issued on Monday night.

According to BSS, the workers and employees will have to require submitting their national identity cards or birth certificates for opening the account, the circular added.

However, the scheduled banks and mobile financial service providers will not have to be given any charge or fees to open such mobile banking accounts, it continued.

Bangladesh Bank has also suggested taking necessary steps to create awareness and insisting the customers to open mobile banking accounts.

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