Bangladesh Bank has allowed bank accounts for street children with minimum Tk10 to encourage savings among the underprivileged.
The central bank has issued a circular in this regard with immediate effect from Sunday.
Bangladesh Bank will prepare a list of NGOs (non government organisation) who will be interested to operate the accounts for the street children.
Interested NGOs have been asked to apply for inclusion in the list to the Green Banking and CSR Department of Bangladesh through a scheduled bank.
An NGO’s goodwill, credibility, experience and infrastructure facilities will be considered in the case of enlistment. No service charge will be taken from the accounts.
The street children will be handed over the operational responsibilities of their account after reaching 18 years of age.
