TIN made mandatory for opening bank accounts; excise duty ceiling raised to Tk 4 lakh
Dhaka, June 11 -- In a significant move to expand the national tax net, the government has proposed making the submission of a Taxpayer Identification Number (TIN) certificate mandatory for opening any new bank account.
Finance Minister Amir Khosru Mahmud Chowdhury announced the proposal today while presenting a record Tk 9.38 lakh crore national budget for the fiscal year 2026-27 in the Jatiya Sangsad.
Tk 40,000cr bank rescue fund set aside in proposed budget
"I propose that, except for student accounts, no-frills accounts, and persons exempted by a gazette notification issued by the board from the requirement of obtaining a TIN, any other person must submit a TIN certificate when opening a bank account," the Finance Minister said dur...
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