Dhaka, March 24 -- Depositors will be entitled to a maximum refund of Tk2 lakh if a bank or financial institution is liquidated, according to the draft of the "Deposit Protection Ordinance, 2025."
The ordinance, which has been drafted by Bangladesh Bank, was published by the Ministry of Finance on the website of the Financial Institutions Division on Sunday. The ministry has also requested feedback from stakeholders on the ordinance.
Under the current deposit protection law, depositors are eligible for a maximum refund of Tk1 lakh in the event of a bank liquidation.
Although the previous Awami League government had initiated an amendment to raise this limit to Tk2 lakh, it was not implemented at the time.
According to the ordinance, the...