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BB fixes interbank transactions duration in lockdown

BSS
07 Jul 2021 19:55:34 | Update: 07 Jul 2021 19:55:34
BB fixes interbank transactions duration in lockdown

Bangladesh Bank on Wednesday fixed the duration of interbank transactions during the ongoing lockdown.

The presentment of the cut off time for high value clearing through the Bangladesh Automated Clearing House (BACH) will be 12:00pm while the return cut off time will be 1:30pm, as per a Bangladesh Bank circular.

The presentment cut off time for regular value clearing is 12:30pm while the return cut off time is 3:00pm, it added.

However, the existing time of Bangladesh Electronic Funds Transfer Network (BEFTN) will remain unchanged.

As per the circular, the Real Time Gross Settlement (RTGS) will be 10:00am to 2:30pm, but the interbank transactions for custom related tax, fee and charge will be 10:00am to 3:30pm.

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