DHAKA, Dec 27, 2025 (BSS) - The process of transferring the bank accounts of depositors of the five banks included under the merger to the newly formed Sammilito Islami Bank is at the final stage. 

If the process is completed within the next week, the deposits of the existing five banks will be automatically transferred to accounts of the newly formed Sammilito Islami Bank, said a release of the Bangladesh Bank today.

Depositors will be able to withdraw up to a maximum of Taka 200,000 using their existing cheque books. Any remaining balance (if any) will remain secured in their bank accounts, and profit will be paid on such deposits at the prevailing rate.

As the newly formed bank is a state-owned bank, public confidence in the bank is expected to increase, which in turn is likely to significantly reduce the demand for deposit withdrawals.