Dhaka, March 18 -- Bangladesh's financial inclusion has grown gradually, driven by Bangladesh Bank's introduction of "No-Frill Accounts" (NFAs).

These accounts, with minimal or zero balance requirements and no-fee services, enable low-cost access to banking for a wider population, according to a Bangladesh Bank report on Tuesday.

The report showed the impact of NFAs on financial inclusion, noting that these basic accounts were aimed at people from various socio-economic backgrounds, reports UNB.

NFAs were designed to provide simple, cost-effective access to banking. The latest report showed that, as of December 2024, the total number of NFAs reached 32,591,450, with deposits totalling Tk 6,823.62 crore. Accounts opened with Tk 10/50/10...