The Ministry of Finance of Bangladesh has announced that starting July 1, all government revenues and receipts must be deposited into the Treasury Single Account (TSA) through the e-challan system. A circular issued by the Finance Division on Tuesday also instructed that all funds currently held in government accounts at commercial banks be transferred to the Bangladesh Bank’s TSA by June 30.

According to the circular, any alternative payment methods maintained by government offices must be discontinued immediately. The decision aims to strengthen government cash management and ensure real-time deposits of public funds. The ministry noted that manual deposits through commercial banks had made it difficult to determine the government’s actual cash position.

The circular further explained that funds held in government accounts at commercial banks could not be used promptly when needed, prompting the move to centralize all deposits under the Treasury Single Account system.