Dhaka, Nov. 23 -- The government has issued the 'Deposit Protection Ordinance, 2025' to enhance the protection of depositors and increase public confidence in the country's banking sector.

Considering the importance of financial sector stability during the dissolution of parliament, the president promulgated the ordinance using the power vested under Article 93(1) of the constitution. This ordinance repeals the existing 'Deposit Insurance Act, 2000,' and introduces a modern framework.

The information was revealed through a circular published on Sunday (November 23) by the Deposit Insurance Department of the Bangladesh Bank.

The primary objective of the new law is to ensure the protected return of deposits placed with both Bank Companie...