The Bangladesh Bank on Monday made it mandatory for all scheduled banks to offer a special incentive to their employees, who are performing duties during the government-announced holidays, as a testament to their contribution throughout the coronavirus epidemic.
To this end, the BB on the day issued guidelines on the issuance of the special incentive, stating that the employees would be entitled for the incentive since the beginning of the government-announced holidays.
Following an instruction from the central bank, all scheduled banks have been giving banking services to their customers on a limited scale since the start of the government-announced holidays, March 29.
Banks are giving services to their customers from 10:00am to 120:30pm from Sunday to Thursday.
‘A number of officers and staff of banks have become infected with coronavirus while performing their duties,’ the BB guidelines said, adding, ‘It has been decided that the officers and staff of banks who are performing their duties during the pandemic risking their and their family members’ lives, would be incentivised.’
The BB asked banks to follow the guidelines in calculating the incentive.
The central bank said that the incentive would be effective throughout the holidays announced by the government to contain the spread of coronavirus.
The guidelines said that the employees, including the officers and other staff, working during the pandemic would be entitled to get the special incentive.
All the permanent, temporary and contractual of ficers and other staff of a bank would be entitled to a one-month basic salary for physical presence at office for 10 days.
For less than 10 days’ presence, the officers or staff would get special incentive proportionately, the BB guidelines said, adding that the temporary and contractual employees, who receive salary on consolidated basis, would get 65 per cent of their monthly salary as incentive.
The BB guidelines, however, said that the amount of the special incentive could not be less than Tk 30,000 or more than Tk 1 lakh in a month.
The BB issued the guidelines a day after the Bangladesh Association of Banks announced that banks would bear all the medical expenses of employees if they fell sick while doing their duties during the coronavirus pandemic.
The BAB on Sunday said that that the banks would ensure the maximum compensation for the family of bank employees who would fall victim to the virus.
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