International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Fully Refereed | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064




Downloads: 113 | Views: 201

Research Paper | Economics | Bangladesh | Volume 4 Issue 11, November 2015 | Rating: 6.4 / 10


School Banking: A New Idea of Banking Operation in Bangladesh

Ujjal Mondal | Md. Solaiman Hossain | Md. Abdul Mannan Khan


Abstract: This paper mainly focuses on the present scenario of school banking policy practiced by scheduled banks in Bangladesh. The study is mainly based on secondary data highlighting the school banking policy formulation and governance as well as different school banking activities such as account opening and deposit collection by State-owned Commercial Banks (SCBs), Specialized Development Banks (SDBs), Private Commercial Banks (PCBs), Foreign Commercial Banks (FCBs) and new banks (Scheduled in 2013). School banking practices in Bangladesh is passing through an introductory level. But banks are trying to go for the boost of school banking. In 2014, banks have created 8, 50, 303 accounts and collected Tk.7, 175 million under school banking scheme. On which, PCBs have opened 65 % accounts and gathered 73 % deposit of total school banking operation in Bangladesh. SCBs and SDBs are trying to create more accounts and to collect more money on this scheme. But FCBs havent played a significant role on school banking. So practicing school banking policy in Bangladesh is not in a satisfactory condition, but it is a positive sign that Bangladesh Bank has already developed a policy guideline to promote school banking. It is an urgent duty to all banks and responsible authorities along with general people to come forward to take necessary steps about school banking so that in near future banks can take all school going children under banking systems and ensure smooth school banking operation in Bangladesh.


Keywords: School, Bank, School Banking, Accounts, Deposit, SCBs, SDBs, PCBs, FCBs etc


Edition: Volume 4 Issue 11, November 2015,


Pages: 1926 - 1931



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