Dhaka, April 10 -- The "Deposit Protection Bill, 2026" was passed in Parliament on Friday to safeguard the interests of depositors and ensure stability in the country's financial sector. The proposed law seeks to repeal and replace the existing "Bank Deposit Insurance Act, 2000" to make it more time-befitting and robust.

Finance Minister Amir Khosru Mahmud Chowdhury moved the bill, which was passed by voice vote. A key highlight of the bill is the proposal to double the deposit insurance coverage, increasing it from the current Tk 100,000 to Tk 200,000 per depositor, UNB reports.

According to the objectives of the bill, the legislation is designed to enhance public confidence in the financial system by providing a secure legal framework...