Dhaka, Dec. 27 -- Depositors of the five banks currently undergoing a merger will have to wait longer to withdraw their funds.

Arif Hossain Khan, Executive Director and spokesperson of Bangladesh Bank confirmed on Saturday that there is no possibility of releasing funds to these depositors within the current year, and a specific date for the commencement of withdrawals has yet to be finalized.However, a process is underway to eventually allow depositors to withdraw a maximum of Tk 2 lakh.

He dismissed reports circulating on social media claiming that withdrawals would begin this coming Monday (December 29). The central bank termed these claims "baseless and untrue."

Based on the needs of the depositors of the five merged banks, a polic...