, April 7 -- Bangladesh Bank (BB) on Tuesday said depositors of the five banks merged into Sammilito Islamic Bank will receive their funds in phases under a structured repayment plan.

The clarification came at a press briefing at the central bank's Sena Kalyan Bhaban office, following a protest by depositors of the merged banks in front of the central bank headquarters.

"A specific scheme has been developed to return depositors' money and the process is already underway in stages," central bank's Assistant Spokesperson Shahriar Siddique at the briefing.

Under the scheme, depositors can immediately withdraw up to Tk 2 lakh and after that they will be allowed to withdraw Tk 1 lakh every three months, he said.

The central bank said this ...