What will get Banks Contractual staff after retirement

    After retirement, regular officers of the bank have to pay full amount due towards provident fund and gratuity. And officers joining contractual posts or post retirement will not be entitled to such retirement benefits after retirement. Contractual officers can serve up to a maximum of 65 years. 

    However, the retirement age of the regular officers of the bank will be maximum 59 years. Bangladesh Bank has issued a notification to clear the ambiguity regarding the retirement and contractual appointment of bank officers and has given several instructions. According to the notification of the central bank, to bring discipline, good governance and dynamics in bank management in the banking sector, the age limit of the contractual officers or employees is fixed at 65 years to remove the age limit inequality of the chief executive and other subordinate contractual officers or employees of the bank. Apart from this, the private banks are instructed to formulate the policy for determining the retirement age of their regular officers or employees in line with the retirement age of the officers or employees of the state-owned commercial and specialized banks. In this case it is also advised to follow the retirement age policy of the central bank. Now the retirement age of central bank officials is 59 years. 

     The notification also states that complaints are being received that after the expiry of the regular service period of some of the working officers or employees of some banks, in the case of contractual employment of any of them, interest on the previous provident fund accumulated during their regular service has been continued. Apart from this, gratuity is being paid on the basis of the last salary received by adding the contractual period to the regular period of service and calculating the total period of service, which is in no way due as per rules. 

     The Central Bank has said that in order to ensure greater discipline and good governance in the banking sector, the regular officers or employees working in the bank after the completion of their regular service period shall follow the new policy from now on in determining the amount due for provident fund and gratuity in case of re-contractual re-employment of the bank for the essential needs of the bank. Instructions are provided. 

    The instructions of Bangladesh Bank include that the officers or employees appointed to the bank must pay the amount due in respect of provident fund and gratuity in full at the time of final retirement following the existing policies. It states that there is no need to create a provident fund for contractual officers or employees and they will not be entitled to such benefits. No officer or employee on contractual appointment shall be entitled to any gratuity benefit afresh. x

Middle East has launched e-visa or electronic visa from May

  The oil-rich country in the Middle East has launched e-visa or electronic visa from May 1 to facilitate the journey to Saudi Arabia for the citizens of Bangladesh. After the launch of the new e-visa system of Saudi Arabia, this program was started with Bangladesh among the different countries of the world. Saudi Ambassador to Dhaka Isa Bin Yusuf Al Duhailan gave this information in a press conference at his office on Monday afternoon.

   The Saudi ambassador said that the e-visa for the pilgrims of the holy Hajj had been in operation for a year. From now on, if you want to go to Saudi Arabia for all kinds of activities including work, travel and stay, e-visa has been launched in full swing instead of paper visa. Saudi Arabia wants to automate the entire visa process. It is hoped that this will make the visa process easier. Ambassador Isa bin Yusuf Al Duhailan said that e-Visas are cost-effective and easier, adding that visa stickers are costly and prone to errors. As a result of the introduction of e-visa, visas will be printed on four-size paper from now on. There will be a barcode on the bottom of the paper. The barcode will contain all the information of the person who got the visa. The ambassador believes that workers, employers, medical center staff and others will benefit from the new system. The ambassador said that earlier the information on the visa sticker was written only in Arabic. But after the launch of e-Visa, it will be in both Arabic and English languages. 

   As a result, Bangladeshis can easily understand how many days the visa is for and in which category the applicant got the visa. Noting that the workers, employers and authorities are in trouble due to the violence of the brokers, the Saudi ambassador said that the brokers collect money by falsely luring the workers. But neither the worker nor the employer is responsible for this; Rather, the broker class is responsible for this. The ambassador requested manpower exporters to make workers aware of their rights before traveling to Saudi Arabia. He said that the workers should know before leaving, how much their salary is and where and how they will work. Isa bin Yusuf Al Duhailan said, "Many times, workers are cheated. They are told that the Saudi embassy takes money. I want to say, such allegations are absolutely false. 

   Noting that no free visa is given in Saudi Arabia at the moment, the ambassador said that visas are given to workers for specific work. In addition, the duration of the worker visa is two years. Shahidul Alam, director general of the Bureau of Manpower, Employment and Training (BMET) said in a press conference that the workers who go to Saudi Arabia from Bangladesh cannot read Arabic. They do not really understand about the visa from the agency, it is a kind of visa. For that reason, English or Bengali language in the visa will be beneficial.

New DMD in Dhaka Bank Limited Darashiko Khosru

  Darashiko Khosru has been promoted as Deputy Managing Director (DMD) in Dhaka Bank Limited. Earlier, he was serving as Senior Executive Vice President and Chief Risk Officer of the bank. 

   Darashiko Khosru has nearly three decades of professional banking experience. He started his career in AB Bank. Later joined Dhaka Bank in 1995. He held important positions in Dhaka Bank for various periods. This information was given in a press release. 

 Darashiko Khosru successfully led Dhaka Bank as Head of Finance and Accounts Department. Apart from this, he served as the Chief Financial Officer (CFO) of the bank. Besides serving as the Chief Risk Officer of the Bank, he also supervised the GSD and Engineering Departments. Darashiko Khosru obtained his Bachelors (Science) from Dhaka University and MBA from a private university.

New chairman of Jamuna Bank Limited Md. Saidul Islam

 

Md. Saidul Islam has been elected as the new chairman of Jamuna Bank Limited. He was unanimously appointed chairman for one year in the 422nd meeting of the bank's board of directors on Thursday. 

 Saidul Islam was born in 1981 in a noble Muslim family of Comilla. He completed his graduation from Conventry University, United Kingdom. In 2010, Saidul joined his family business conglomerate Fabian Group. Since then he has handled various companies owned by the group.

Presently Saidul Islam is Director of Fabian Industries Limited, Fabian Thread Limited, Fabian Multiplex Industries Limited, Fabitex Industries Limited and Managing Director of Frox Media Limited. He is also the Chairman of Eco Advanced Construction Materials Company. Saidul Islam, Minister of Local Government, Rural Development and Cooperatives of the Government of Bangladesh. Tajul Islam's eldest son. He has traveled to various places in the country and abroad and participated in various training programs and seminars. News notification.

Bangladesh Bank will issue 50 Tk notes on January 8

Bangladesh Bank will issue 50 Tk notes signed by Governor Abdur Rauf Talukder. This information was informed through a circular from Bangladesh Bank on Wednesday (January 4).

It is said that it will be issued from Motijheel office of Bangladesh Bank from next Sunday (January 8). Later it will be issued from other offices of Bangladesh Bank.

It is also said that the color, shape, design and all security features of the newly printed notes will remain the same as before. Apart from the newly printed notes, other notes of Rs 50 denomination in circulation will also be in circulation simultaneously as valid notes.

Bangladesh Bank (BB) on Wednesday increased the exchange rate of the US Dollar by Tk1 to Tk100

Bangladesh Bank (BB) on Wednesday increased the exchange rate of the US Dollar by Tk1 to Tk100. Now, those who will buy Dollars from the central bank will have to pay Tk100 for each US Dollar. The central bank increased the dollar price within a month. Earlier, the central bank fixed the exchange rate of the US Dollar at Tk99 on December 5 last year.It says that the price of the Dollar has been increased in line with the market price. Central bank spokesperson Mesbaul Haque told UNB that the Dollar price has been increased to match the market price and it is part of a regular initiative.