BB Instructed the Banks to Waive Penalty of Credit Cards

 

The Bangladesh Bank has ordered all banks to waive the charges for credit card for delayed payment fee until June amid the Coronavirus pandemic in the country.

The central bank said many customers would not capable of paying the bill of their credit cards because of the current vulnerable financial scenario because of novel coronavirus, it stated in a circular issued on Saturday.

In this circumstances, banks should fine or charge the customers in any form or name for delayed payment from March 15 to May 31.

If any bank has already charged the clients for it, they should adjust it with the subsequent bills.

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