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Sammilito Islami Bank Maintains Deposit Withdrawal Payments with Steady Fund Inflows: MD

Sammilito Islami Bank PLC has continued paying customers against their withdrawal applications while fund inflows and normal banking transactions remain uninterrupted, according to its Managing Director and Chief Executive Officer Md. Abedur Rahman Sikder.

By Staff Correspondent
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Sammilito Islami Bank continues deposit withdrawal payments amid steady fund inflow: MD | Business
BSS

Sammilito Islami Bank PLC has continued paying customers against their withdrawal applications while fund inflows and normal banking transactions remain uninterrupted, according to its Managing Director and Chief Executive Officer Md. Abedur Rahman Sikder. The bank started accepting applications from customers for withdrawal of their funds on September 1, with the payment process beginning on September 7.

On September 1, a total of 18,046 customers applied for withdrawal of Tk 1,325 crore. Against these applications, 8,125 customers withdrew Tk 319 crore on September 7. On the same day, the bank received Tk 93 crore in cash and Tk 51 crore through RTGS, BFTN and clearing channels, totaling Tk 141 crore in fund inflow.

A total of 16,600 transactions, including cash and electronic transactions, were completed on September 7. On September 2, 19,613 customers submitted applications involving a total of Tk 1,016 crore. Against these applications, 7,234 customers withdrew Tk 340 crore on September 8. The bank received Tk 90 crore in cash and Tk 105 crore through BFTN, RTGS and clearing channels on the same day, bringing the total fund inflow to Tk 195 crore.

On September 3, a total of 21,086 customers submitted applications amounting to Tk 963 crore. Against these applications, 10,697 customers withdrew Tk 381 crore on September 8. Md. Abedur Rahman Sikder emphasized that normal transaction activities are continuing in individual accounts as usual and this trend will continue.

Sikder assured that the bank is continuing its payment process in accordance with customers' applications, with a significant number of customers withdrawing their funds every day. At the same time, fund inflows into the bank and transaction activities are also continuing.

The uninterrupted withdrawal and fund inflow activities demonstrate the bank's commitment to maintaining stability and trust among its customers. This situation is particularly significant for Bangladesh's financial sector, as it highlights the resilience and reliability of the banking system in managing customer demands and maintaining liquidity.

Source: BSS

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