BB tells NBFIs to avoid unlicensed courier services

Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) in the country to not transport any materials through unlicenced courier service companies.

As per the Post Office Act 1898, courier service companies have to secure a licence from the Bangladesh Post Office to carry out their operations, according to a central bank notice.

Transporting any product or letter through unlicenced courier services is illegal, it said.

Against the backdrop, the NBFIs should be barred from using the unapproved courier service companies for the transportation of any materials, it added.