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Banks in BD now free to install ATMs

Bangladesh Bank (BB) has lifted the restriction on installing electronic banking booths including ATMs (automated teller machines), reports agency.
Issuing a circular, the central bank on Tuesday suggested all banks that they would no longer require to seek BB’s permission to set up any electronic banking booth including the ATM.
In the circular, BB, however, said that the banks should get approval from their boards for paying rent and other expenses for setting up the electronic booths and ATMs.
The circular also said that the electronic booths and the ATMs would not be allowed to use for any banking activities other than regular transaction like cash withdrawal and deposit and bill payments.

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