Business

Bangladesh Bank waives penalty on credit card dues until June amid virus lockdown

ByAbdur Rahim Badal

The central bank announced the move in a notice issued on Saturday.

If a bank has imposed any charges in the meantime, it has to pay it back to the customer.

“People in the country are now locked up in their homes to save their lives from the novel coronavirus. There is no income. As a result, it is not possible for many to pay credit card fines or extra charges in this situation,” Abu Farah Md Naser, executive director of Bangladesh Bank, told bdnews24.com.

“Bangladesh Bank has taken this decision considering the overall situation.”

The order bars banks from showing credit card customers as defaulters until June, Naser said.

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