Fast Security Islami Bank is not able to pay even 20 thousand taka

Sunday 1st September. 10 am Mr. Salahuddin sent a check to manager Ruhul to the Ring Road Branch of Fast Security Islami Bank to pay the salaries of his company's officers and employees. Ruhul sahib went to Brans and saw a lot of people, a lot of chatter. Pushing people to check inside the counter, they return the check without accepting it. Can't pay that much anyway. The counter informs that you can pay a maximum of 20,000 taka.

After trying for a few days, he could not break that check. Salahuddin Saheb paid the salaries of the officers and employees of the organization by necessarily borrowing. After that, on the advice of the bank staff, he decided to make 20,000 taka per day. After taking 3 days in this way, on September 8, the bank was informed that there is no money. Come after noon. A picture even after noon. The bank informed that they don't even have the power to pay 20,000 taka to a customer.

Meanwhile, Bangladesh Bank announced yesterday that Bangladesh Bank is lifting the cash withdrawal limit from today. Earlier, in post-coup situation, Bangladesh Bank kept the opportunity of daily cash withdrawal from 1 to 5 lakh taka per customer step by step. However, this time those restrictions are being lifted. From Sunday, customers can make bank transactions as per their needs.

Earlier, on August 31, Bangladesh Bank instructed that a customer cannot withdraw more than five lakhs in cash. However, there was an instruction that any amount of money can be transferred to another account and digital transactions can be done.

It is known that after the change of government, the pressure to withdraw cash increased a little. Especially the pressure to withdraw cash from pro-Awami politicians and business families has been seen. Bangladesh Bank decided to discourage the withdrawal of cash so that these funds are not used in any way for terrorist or illegal activities. Earlier there was a maximum cash withdrawal of Tk 4 lakh. The highest policy making body of the financial sector fixed the new limit by increasing the cash withdrawal facility by one lakh rupees within a week.

Meanwhile, the status of some banks including Fast Security Islami Bank. These banks are not able to pay the customers. Customers are suffering as a result.

Meanwhile, Bangladesh Bank Governor Ahsan H Mansoor commented that 10 banks of the country are in bankruptcy. However, he said that Bangladesh Bank will provide technical, advisory and liquidity facilities to turn around the bankrupt banks.

The governor made this comment in a press briefing with journalists on Sunday (September 8) afternoon.

He said, 10 banks of the country are already bankrupt, 'we don't want any bank to be closed.

We will try to make the banks turn around. I will give technical, advisory and liquidity facilities to the banks.

After the announcement of the bank governor, the worry on the forehead of the customers has increased. The uncertainty of their accumulated money is gradually consuming them.

Some officials of Fast Security Islami Bank assured that the situation of the bank will be normalized very soon.

Note that the Central Bank has restructured the board of First Security Islami Bank. The then managing director Mohammad Abdul Mannan, who was forced to resign from Islami Bank in 2017, has been made the chairman of the bank. He recently returned home after 7 and a half years abroad.

The other directors of the five-member board of directors of First Security Bank are – former executive director of Bangladesh Bank. Azizur Rahman, former DMD of Uttara Bank. Abdul Quddus, Associate Professor of Dhaka University. Saiful Alam and Chartered Accountant. Ragib Ahsan FCA.