Scheduled banks have received a request to extend their banking hours from 10 am to 10 pm at branches and sub-branches near designated cattle markets in Dhaka, Chattogram, Khulna, Rajshahi, and Rangpur. This directive, issued by the Bangladesh Bank today through a circular, aims to facilitate seamless financial transactions during the upcoming busy cattle trading period leading up to Eid-ul-Azha.
The central bank highlighted the significance of ensuring financial security and safe transaction systems due to the high volume of cash transactions typically observed in cattle markets during this period. The circular advises banks to maintain sufficient cash reserves and provide uninterrupted banking services starting from May 24 until the day preceding Eid-ul-Azha.
Furthermore, branches in close proximity to cattle markets have been instructed to offer services such as cash deposits, withdrawals, and account openings for traders and customers. Emphasis has been placed on leveraging digital banking channels and mobile financial services to mitigate the risks associated with handling large sums of cash.
In addition to extending banking hours and promoting digital transactions, the circular also recommends implementing necessary security measures around the temporary cattle markets to ensure a safe trading environment for all parties involved.