Banks are main custodians of savings from remittance: BBS survey
Posted by on Sun, Jun 11 2017 12:12 pm
Banks are the biggest custodian of savings made out of remittance they receive, a survey finds.
Around 51 per cent remittance flows into the country through the banking system, it says.
The survey says that most people keep their remittance with the banks in different forms.
Bangladesh Bureau of Statistics (BBS) did the survey, titled ‘The Survey of Investment from Remittance’.
Highest portion is kept with savings accounts – 49.86 per cent of the total bank savings of the remittance.
DPS or SDPS accounts for 11.86 per cent followed by fixed deposit (7.24%) and purchase of savings bond (5.31%).
“Banks have appeared as the main destination for savings in all divisions as well,” adds the BBS survey.
Other Posts
- Banking and mobile financial services are siblings
- BD Welding halts production for cash crisis
- Ahmed Kamal Khan Chowdhury, Managing Director of Prime Bank Ltd, presiding over a discussion session on "Ramzan-Doinondin Jibonay Islam" on Thursday at a city convention center. Maulana Shah Mohammad Wali Ullah, Member of Shariah Supervisory Committee, Sh
- M Nazeem A Choudhury, Head of Consumer Banking of Eastern Bank Limited (EBL) and Nasreen Fatema Awal, President of Women Entrepreneurs Association of Bangladesh (WEAB) exchanging an agreement signing documents at the bank head office in the city recently.
- UAE blacklist likely to squeeze liquidity of Qatari banks
- Rescue plan for 2018
- Agent banking transaction crosses Tk 80b in nine months
- China urges banks to devolve loan approval responsibility
- Costs of bank cyber thefts hit SWIFT profit last year
- Selim RF Hussain, Managing Director of BRAC Bank Ltd. handing over a cheque to Dhaka University Vice Chancellor Prof. Dr. AAMS Arefin Siddique at his office recently. The bank provided the scholarships to the meritorious students of Business Studies Facul
Comments