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The Bangladesh Bank yesterday asked banks not to charge students any fee for carrying out transactions related to Bangabandhu Education Insurance through their school banking accounts.
The initiative to implement the Bangabandhu Education Insurance, with support from the Insurance Development and Regulatory Authority, has begun to mark the birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
State-run Jiban Bima Corporation will act as the insurer for the insurance policy, said the central bank in a circular.
All transactions related to the insurance can be carried out through the school banking accounts. But students cannot be charged any fee for such financial transactions, said the BB.
Students also have to be encouraged to open school banking accounts and continue carrying out transactions, it said.
(TDS)
