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Banks to remain closed during lockdown

All banks will remain shut from April 14 to 21 following the government’s declared all-out lockdown to prevent the spread of coronavirus or Covid-19 infection in the country.

However, online services including ATM and internet banking will be opened round the clock to meet the necessary cash and payment demand.

As per the government directive, Bangladesh Bank (BB) on Monday decided to close banks branches, all the sub-branches, booth banking, agent banking services at that time.

Bank branches at sea, land and airport can be kept open for import-export activities. In addition, foreign exchange-traded branches (ADs) can be kept open for a certain time if required by exporters. However, Bangladesh Bank will not give instructions to keep any bank open.

Meanwhile, the government instructed to close all banks and financial institutions as part of a one-week lockdown to prevent coronavirus infections. The Cabinet Division on Monday issued instructions on work and movement.

According to the circular, all government, semi-government, autonomous private offices and financial institutions will be closed. All officers and employees must be in their respective areas of work. The circular further said that air, sea, naval and land ports and related offices would be exempted from the ban.

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