Like the public sector, no permanent resident of the private bank will be able to work for more than 59 years. For contractual recruitment, the maximum age of employment will be 65 years. However, banks can appoint someone who is 65 years old as special advisers and consultants for special needs. This instruction was given in a notification issued by the Bangladesh Bank. On Monday, the Bangladesh Bank issued the circular regarding the employment of bankers.
It has also been said in the Bangladesh Bank's circular that private banks like government banks will also have to prepare the age-related policy of retirement. Bank-related people said the new initiative has been taken to restore discipline in the bank's job.
It has been stated in the Bangladesh Bank's circular that if anyone is 65 years old, he will not be the chief executive and managing director of any bank. In addition, according to the prevailing provisions and customs in Bangladesh, the state-run banks and government officials-employees are retired according to the age limit. Currently, the government employment period is up to 59 years. Apart from this, the officials and employees of the private banks have retired their board of directors according to the prescribed age limit. In other regular terms except for the MD, the age limit is not fixed for the contractual officer, so many people can remain in office even after 65 years of age. The concerned people say that there is a discrepancy between the bank's MD and the other contractual officials under the age of retirement.
Under the condition of the central bank yesterday, if anyone is 65 years old, he will not be able to get contractual status in the bank's regular position. However, this age limit will not be applicable for counselor and advisory positions. Meanwhile, in keeping with the state-run bank, the private banks will also be able to retain the regular post of retirement policy of the age of 59 years if they prepare the age policy of retirement.
The central bank also said in the notification issued by the authority of the 45 companies of the bank company act, they will be able to take up the responsibility of the contractual employees while the contract period is less than one year or less during the issuance of the notification.
According to the Bangladesh Bank sources, many 65 years of age senior officers are working in different banks in the private sector, including additional MD, DMD. Again, there are many officers after 59 years. They are all blessed by the board of directors of the concerned banks. Many of them tried to influence the interests of directors on MDC. Bangladesh Bank has issued this notification after several complaints have been received.
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