Installment system for motorcycle registration fees

The Road Transport and Bridges Ministry has introduced installment system of paying motorcycle registration fees.

Previously, a person had to pay Tk 13,913 at a time for registration fees of 100CC motorcycle. As per the new system, people will have to pay Tk 9,313 as one time down payment and the rest Tk 4,600 can be paid in four equal installments in 8 years.

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In case of the motorcycles above 100cc, people previously paid Tk 21,273 at a time. But from now on, people will have to pay Tk 12,073 as down payment and will pay the rest Tk 9,200 in four equal installments within 8 years.

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The ministry today issued a circular introducing the new system that will soon come into effect.

"We have introduced the new installment system for facilitating the clients," the ministry's deputy secretary Kamrul Ahsan told The Daily Star last night.