There’s been a noticeable increase in both bank investments and the amount of cash in people’s hands, coupled with a rise in bank deposits. According to data from the central bank, the amount of cash outside banks was around 2.61 trillion taka at the end of March, compared to nearly 2.57 trillion taka in February, indicating a rise of approximately 3.621 trillion taka. Many people are depositing money in banks, which is helping to boost interest rates and maintain a positive relationship with banks. However, there are some related issues as many savings accounts are nearing maturity, prompting many to withdraw money. Yet, it’s noted that while money is being withdrawn from banks, deposits are increasing elsewhere, contributing to the rise in interest rates and stability in the market.
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