Bangladesh Bank has asked all scheduled banks not to charge late fees from clients over delayed repayment and depositing in saving schemes between Jul 18 and 25.
Many loan borrowers and credit customers could not make their payments on time due to the recent situation, as per a central bank circular issued on Wednesday (Jul 24). Moreover, depositors could not deposit their money in their various savings schemes.
In this situation, customers will not be charged late payment fees if they clear their dues incurred from Jul 18 to 25 by the end of this month, said the circular.
The instruction, which will come into effect immediately, will be applicable to all credit card customers, general loan borrowers and savers.
Banks will not cut interest on saving schemes for the delay in depositing money, said the circular.
