Summary:
- Bangladesh Bank has increased the maximum age limit for direct recruitment in government and private banks from 30 to 32 years.
- This change aligns with a recent government ordinance raising the age limit for public sector jobs to 32 years.
- The notification was issued by Mohammad Shahriar Siddiqui, Director of the Banking Regulation and Policy Department.
- Previous guidelines from BRPD Circular No. 08, dated June 23, 2013, have been repealed, but past actions remain valid.
In a significant move aimed at aligning employment policies with government directives, Bangladesh Bank has announced an increase in the age limit for direct recruitment in both government and private banking sectors. The central bank has set the new maximum age for entry-level positions at 32 years, up from the previous limit of 30 years. This change was officially communicated in a notification issued by Mohammad Shahriar Siddiqui, Director of the Banking Regulation and Policy Department at Bangladesh Bank.
The decision follows an ordinance published by the Ministry of Law, Justice, and Parliamentary Affairs on November 18, which raised the age limit for direct recruitment to 32 years across various government and semi-government bodies, including autonomous and statutory organizations. This ordinance also applies to public non-financial corporations and self-governing organizations.
In the notification, Bangladesh Bank stated, “In line with the ordinance, banks are now instructed to set the maximum age limit for officers and employees at 32 years instead of 30 years.” The circular further repealed previous instructions outlined in BRPD Circular No 08, dated June 23, 2013, though it clarified that actions taken under the revoked guidelines would remain valid.
This policy adjustment is expected to expand employment opportunities for a broader segment of job seekers in Bangladesh’s banking sector. By raising the age limit, Bangladesh Bank aims to harmonize its recruitment policies with those of other public sector entities and provide greater flexibility for potential applicants who may have been previously excluded due to age restrictions.
The change reflects a broader trend within Bangladesh’s employment landscape to accommodate a more diverse workforce and address demographic shifts. This move is particularly relevant in a country where many young professionals seek stable employment in the banking industry, which is considered one of the most desirable sectors for job seekers.
Overall, this policy update by Bangladesh Bank underscores its commitment to fostering an inclusive job market while adhering to national employment standards. It marks a pivotal step in ensuring that banking sector opportunities are accessible to a wider range of candidates, thereby potentially enhancing the sector’s talent pool and overall competitiveness.
Source: TBS News
