Both the number of accounts holding over Tk1 crore and the total deposit amount in the country's banking sector have increased.
From April to June this year, the number of millionaire accounts grew by 5,077.
During the same three-month period, total deposits in these accounts rose by Tk16,498 crore.
However, individual deposits within these millionaire accounts declined.
In contrast, funds deposited in accounts belonging to various public and private institutions increased, driving up the overall monetary value in accounts with balances exceeding Tk1 crore.
According to the latest data from Bangladesh Bank, the total number of deposit accounts in the banking sector stood at 186,384,588 at the end of June.
Of these, 141,562 accounts hold more than Tk1 crore.
At the end of March, that figure was 136,485—marking an increase of 5,077 accounts in three months.
Central bank data shows that total deposits in accounts over Tk1 crore stood at Tk859,162 crore at the end of March.
By the end of June, this figure rose to Tk875,660 crore, representing a deposit growth of Tk16,498 crore over the quarter.
Despite the overall increase in high-value accounts, a different trend emerged among individual account holders.
By the end of June, the number of individual accounts exceeding Tk1 crore reached 40,701, with total deposits amounting to Tk90,131 crore.
In March, there were 40,630 such individual accounts holding Tk91,352 crore.
While the number of individual millionaire accounts grew by 71, total deposits in these accounts decreased by Tk1,221 crore.
Trend of institutional funds remaining in banks
Industry insiders note that these high-value account statistics include public and private institutions alongside individual holders.
Due to recent obstacles to new investments and business expansion, a significant portion of corporate funds is currently being retained in banks.
Specifically, shortages in gas, power, and energy have hindered the setup of new industrial plants and the expansion of existing businesses.
Coupled with high interest rates and broader economic uncertainty, many organizations are holding onto cash rather than committing to new investments.
Consequently, institutions are increasingly parking working capital, transaction funds, and temporarily unused cash in bank deposits.
Conversely, high inflation and rising living costs have eroded personal saving capacity.
While individual high-value deposits have fallen, the institutional trend of holding cash in banks has driven up the overall volume of deposits exceeding Tk1 crore.