From 21 May 2010, the ship underwent a major refit, installing upgrades to suit the Bangladesh Navy's requirements, which continued until December 2010. The Bangladesh Navy formally acquired the ship on 14 May 2010. Bijoy reached Chittagong on 21 January 2011.[1] On 5 March 2011, the ship was commissioned into the Bangladesh Navy as BNS Bijoy.[2]
On 4 August 2020, BNS Bijoy was berthed in the Port of Beirut during a massive onshore explosion. The ship received moderate damage and 21 crew members were injured in the blast.[8][9] The crew of Bijoy received medical assistance and help with damage assessment from the Brazilian frigate Independência, the flagship of the UNIFIL fleet.[10][11] After assessment Bijoy was towed by the ocean tug TCG İnebolu to Turkey, where she was repaired in the naval shipyard at Aksaz Naval Base.[12] After completing the repair works, the ship returned home on 25 October 2020.[13] Another corvette, BNS Sangram, replaced her in the UNIFIL mission.[14]