TIN certificate likely to be made mandatory for opening bank accounts

The government has proposed making a tax identification number (TIN) certificate mandatory for opening bank accounts in the upcoming national budget for the 2026-27 fiscal year.

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"I propose that, except for student accounts, no-frills accounts, and individuals exempted from obtaining a TIN through a gazette notification issued by the NBR, any person opening a bank account must submit a TIN certificate," said Finance Minister Amir Khosru Mahmud Chowdhury while presenting the national budget for FY27 in parliament today.