The suspension of activities will start on 29 October at 11:55 am and end on 5 November at 9:30 am
All kinds of banking activities in Mutual Trust Bank (MTB) will remain suspended from 29 October at 11:55 am to 5 November at 9:30 am due to technology upgradation to provide advanced services to the bank's customers.
A circular issued by the Bangladesh Bank on Thursday said this, adding that the central bank has approved the closure of the MTB following a request from the bank.
The Bangladesh Bank has given the approval under the power vested in it by the Banking Companies Act, the press release added.
All types of branch banking, check/EFT/RTGS transactions/POS/ATMs, debit and credit card transactions of e-commerce sites and Internet banking will remain closed in order to complete banking transaction migration in the core banking system to provide better services to the customers.
Asked about this, Syed Mahbubur Rahman, managing director of the MTB, told The Business Standard that all banks have to do so in order to upgrade technology. This is nothing unusual, he maintained.