Mutual Trust Bank to remain shut for upgrade for six days

Mutual Trust Bank will keep all banking services, except credit card operations, suspended from 11:55pm on October 29 to 9:30am on November 5.
Branch banking of the lender will also remain unavailable during the period, according to a Bangladesh Bank notice released yesterday.
All transactions will be put on hold as the bank will shift its core banking system from its existing platform to another.
The upgraded system will cater a smooth service to clients in contrast to the existing one, said Syed Mahbubur Rahman, managing director of the lender.
The bank has decided to make the shift after availing approval from the central bank, he said.
"We have selected two weekends for the migration period for the system so that our clients don't face too many difficulties," Rahman said.
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