What is meant by Deposit Insurance Trust Fund (DITF)?
In accordance with the provision of the "Bank Amanat Bima Ain 2000 (The Bank Deposit Insurance Act, 2000)", premium collected from insured banks and all other receivables are deposited into an account called Deposit Insurance Trust Fund (DITF).
Who is the Chairman of the Trustee Board?
The Governor of Bangladesh Bank who is the Chairman of the Board of Directors of Bangladesh Bank is also the Chairman of the Trustee Board.
How many members are in the Trustee Board?
All the members of the Board of Directors of Bangladesh Bank are the members of the Trustee Board. At present 9 (nine) members are in the trustee Board.
How the DITF (Deposit Insurance Trust Fund) is utilized?
As per the existing decision of the Trustee Board, the DITF is invested in the Government Treasury
Bond/bill and the Income derived from such investment is also credited to the DITF Account. At present fund is invested only in 5 years and 10 years Bangladesh Govt. Treasury Bond (BGTB).
Who are authorized to invest/manage the DITF fund?
Trustee Board of DITF is responsible for managing DITF. The Deposit Insurance Department (DID) of Bangladesh Bank is entrusted with the responsibilities of managing the fund.
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