School banking deposits cross Tk 1,300 crore

Stores with the school saving money accounts at business banks have crossed Taka 1,300 crore toward the finish of December 2017 as this managing an account is steadily getting tremendous reaction from the understudies the nation over. 

The national bank's most recent quarterly provide details regarding budgetary incorporation demonstrates that an aggregate of Taka 1,362.96 crore was saved with 14,53,936 school managing an account accounts at 56 booked banks up to December 31, 2017 which was Taka 1,020.79 crore with 12,57,370 school saving money accounts up to December 31, 2016. 

As indicated by the report, the school keeping money benefit is more well known in urban areas than in country regions as 8,89,029 school saving money accounts were opened in urban communities against 5,64,907 records in rustic territories. 

This keeping money is additionally more prominent among the male understudies than the female understudies as 8,52,107 school managing an account accounts were opened by the male understudies against 6,01,829 records by the female understudies. 

"Bangladesh Bank propelled the program in November 2010 for school understudies to enable them to set something aside for the future, learn budgetary education at an early age and energize the propensity for sparing in understudies," a BB official told writer on Thursday, reports BSS. 

BB information demonstrates that an aggregate of Taka 164.63 crore has been kept in state-possessed business banks, Taka 81.45 crore saved in particular banks, Taka 1,107.31 crore in private business banks and Taka 9.58 crore in remote business banks. 

Dutch-Bangla Bank, Islami Bank Bangladesh, Eastern Bank, United Commercial Bank and Rupali Bank are the five establishments that pulled the majority of the stores from the understudies. 

Islami Bank Bangladesh Limited (IBBL) opened 2,37,398 records, which is 16.33 percent of the aggregate records, while Dutch Bangla Bank positioned the best by gathering stores of Taka 406.72 crore with school managing an account accounts. 

"According to heading of the national bank, IBBL presented the school keeping money, with the goal that the future age can obtain information on monetary framework," said IBBL Deputy Managing Director Abu Reza Mohd. Yeahia. 

Southeast Bank Limited Executive Vice President Abdul Baten Chowdhury said school saving money urges the understudies to make an attitude for reserve funds. 

SEBL is giving a wide range of backings to the understudies for opening financial balances, he included. 

He educated that about Taka 3.50 lakh has been stored with the 58 school keeping money accounts at the central branch of SEBL.