Dhaka, March 27 -- The amount of money saved in school banking accounts has been dropping in recent months, according to the central bank, suggesting that the programme's growth may have stalled.

However, the number of students participating in school banking has actually increased over the months. In other words, more students opened accounts but they could not save much.

According to Bangladesh Bank data, Tk 21.79 billion was saved in school accounts in December 2023 compared to Tk 21.36 billion in January this year. This marks a decrease of nearly 2 per cent.

Looking further back, the data shows a similar plummeting trend. The amount saved in school accounts has been slowly going down since September 2023.

The central bank launched...