Depositors of five recently merged banks in Bangladesh will begin receiving their funds from today, the central bank has confirmed. In the first phase, each depositor will be able to withdraw up to Tk 200,000 from their accounts.
The banks included in this merger are:
First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, and Exim Bank.
To safeguard the interests of ordinary depositors, Bangladesh Bank has finalised a dedicated refund scheme, outlining the schedule and procedure for withdrawals. This was formally communicated in a circular issued on Tuesday, 30 December 2025.
According to the circular, depositors with balances of up to Tk 200,000 will have their funds fully protected. Under the Deposit Protection Act, these depositors may withdraw their money in full at any time.
For depositors whose balances exceed Tk 200,000, withdrawals will be made in installments, and the full amount can be withdrawn over a period of up to 24 months. Only current and savings accounts with a fixed term are eligible for withdrawal under this scheme.
The central bank has also included humanitarian provisions for depositors suffering from serious illnesses, such as cancer or kidney dialysis patients. These individuals will be able to withdraw their funds beyond the prescribed timelines if required for medical treatment.
The table below summarises the key points of the scheme:
| Bank Name | Maximum Initial Refund | Installment Option (Tk >200,000) | Special Provisions for Serious Illnesses |
|---|---|---|---|
| First Security Islami Bank | Tk 200,000 | Up to 24 months | Allowed to withdraw beyond timeline |
| Social Islami Bank | Tk 200,000 | Up to 24 months | Allowed to withdraw beyond timeline |
| Union Bank | Tk 200,000 | Up to 24 months | Allowed to withdraw beyond timeline |
| Global Islami Bank | Tk 200,000 | Up to 24 months | Allowed to withdraw beyond timeline |
| Exim Bank | Tk 200,000 | Up to 24 months | Allowed to withdraw beyond timeline |
Financial experts have welcomed the scheme, noting that it restores depositor confidence while preventing potential financial instability in the banking sector. By ensuring timely refunds and including special provisions for medical emergencies, the central bank aims to balance efficiency with compassion.
Bangladesh Bank officials have emphasised that the scheme will be closely monitored to ensure smooth implementation. Ordinary depositors can now access their funds securely and transparently, marking a significant step toward safeguarding public confidence in the country’s financial system.