Bangladesh Bank has extended the age limit for opening a 'Student Banking' account to 25 years, allowing school, college, and university students to access the service. The central bank issued a new policy on Monday, replacing the previous rule that restricted eligibility to students under 18. Under the revised guidelines, account holders will now be able to use credit cards in addition to debit cards, and the service previously known as 'School Banking' will now operate under the name 'Student Banking'.

The new policy also increases the monthly ATM withdrawal limit from 15,000 to 25,000 taka upon parental request, compared to the earlier 5,000-taka cap. Students can now deposit up to 25,000 taka per month, with a maximum account balance of 300,000 taka. Those studying abroad will no longer need separate student files or accounts, as the same account can be used for remittance and educational transactions.

The policy further allows students to take loans for educational materials under parental guarantee, aiming to make financial services more accessible to young learners.