BIN made mandatory for business bank accounts, loans
Businesses will have to submit proof of Business Identification Number (BIN) registration to access a range of financial and regulatory services under amendments to the Finance Bill 2026.
Highlights
- BIN proof will also be mandatory for opening and operating business bank and STD accounts.
- The requirement will also apply to loans, trade licence renewals, MFS merchant accounts and utility connections.
- Parliament passed the amended Finance Bill 2026 by voice vote.
The government has made it mandatory for businesses to submit proof of Business Identification Number (BIN) registration to open and operate bank accounts, obtain loans and access several other financial and regulatory services.
The provision was incorporated through amendments to the Finance Bill 2026, which was passed by voice vote in parliament today (29 June) after Finance Minister Amir Khosru Mahmud Chowdhury placed the revised bill before the House.
Keep updated, follow The Business Standard's Google news channel
Under the amended law, businesses will be required to present proof of BIN registration when opening or operating current accounts or short-term deposit (STD) accounts with banks, non-bank financial institutions (NBFIs) and other financial institutions, notwithstanding any conflicting provisions in other laws.
The same requirement will apply when businesses seek loans from banks, NBFIs or other financial institutions. Proof of BIN registration will also be mandatory for renewing trade licences, opening merchant accounts with Mobile Financial Services (MFS) providers, obtaining or renewing membership of trade organisations, securing electricity and gas connections, and registering vehicles in a company's name with the Bangladesh Road Transport Authority (BRTA).
