Dhaka, Bangladesh (BBN)– Bangladesh Bank (BB) Dr. Atiur Rahman has advised all banks to offer little bit higher interest or profit to the school students against their bank deposits.

“We expected that the bank authorities will continue their moves to open accounts for all types of citizens including BDT 10 accounts for garment workers, street children and farmers as part of the ongoing financial inclusion initiatives across the country,” BB Governor Dr. Rahman said addressing at a review meeting on countrywide school banking conference at the Bangladesh Bank Training Academy at Mirpur in the capital Dhaka on Saturday.

The central bank of Bangladesh introduced the school banking in 2010 in order to encourage school boys and girls to deposit with opening bank accounts.

Now most of the banks have been operating this banking at different schools adjacent branches across the country. A policy for school banking was also formulated in 2013.

Under this banking, the students are provided interests or profits every six months. Guardians are allowed to operate this banking until the account holders become adult. There have been policies for these accounts so that students could not misuse this money.

The students do not need to provide for any charge to the banks to operate their accounts. They do not need to pay any money to receive any cheque book either. The students could use ATM Card and also avail mobile banking facility through the accounts.

The function was also addressed by Deputy Governor of BB SK Sur Chowdhury and Executive Director Mahfuzur Rahman.