Dhaka, Dec. 10 -- Bangladesh Bank has finalized a draft special scheme to refund Tk2.0 lakh initially, then Tk 1.0 lakh in each three months to the depositors of merged five troubled Shariah Bank.

This initial amount will be paid out from the 'Deposit Insurance Fund'. Following this, depositors whose balances exceed Tk2.0 lakh will be allowed to withdraw a maximum of Tk 1.0 lakh every three months for up to two years, said an official to UNB on Wednesday.

The authorities closed the merger process and said that the scheme was finalized at a crucial meeting chaired by Governor Dr. Ahsan H. Mansur at Bangladesh Bank on Tuesday.

The meeting included Mohammad Ayub Mia, Chairman of the newly formed 'Sammilito Islami Bank PLC,' four Deputy Go...