Dhaka, Dec. 10 -- Financial Adviser Dr Salehuddin Ahmed said that the recent jump in millionaire bank accounts may be driven by people depositing money that was previously kept hidden at home.

He made the observation after attending a meeting of the Advisory Council Committee on Government Procurement at the Secretariat on Tuesday.

His remarks came amid new Bangladesh Bank data showing a steady increase in high-value deposit holders.

Between March and June, the number of accounts with deposits above Tk 1 crore rose by 5,974, followed by another 734 additions from June to September.

Asked what might be fuelling the rise, Dr Salehuddin said many people especially those with modest earnings who historically relied on informal savings are...