This restriction has now been extended to all contractual employees
Individuals over the age of 65 are not eligible for appointed to any bank on a contractual basis, Bangladesh Bank said in a circular issued yesterday.
However, the bar does not apply to the appointment of advisors or consultants, it added.
Prior to the issuing of the circular, the age limit of 65 only applied to chief executive officers and managing directors of banks. This restriction has now been extended to all contractual employees.
In a separate circular, the central bank also made post-graduate degrees mandatory for appointment to the CEO post of any bank.
Higher education in subjects such as economics, finance and banking, accounting, management or business administration should be given priority when making CEO appointments, the circular added.
It further said anyone who achieved third division results at any level of education would not be eligible for the post of CEO at banks.