2024-07-24 22:51:05
Banks and financial institutions opened on a limited basis on Wednesday (July 24) after being closed for five days on weekends and public holidays. And this time i.e. today Wednesday and tomorrow Thursday the check clearing house will run according to the new schedule.
On Wednesday (July 24) Bangladesh Bank issued an instruction in this regard from the Payment Systems Department.
According to the instructions, the operations of the three platforms established in Bangladesh Bank – Real Time Gross Settlement (RTGS), Automated Check Clearing House (Bangladesh Automated Clearing House-BACH or BATCH) and Bangladesh Electronic Funds Transfer Network (BEFTN) – will continue according to the new schedule. Through these services, payments and automatic check settlement are made from one branch to another branch or to the customer of another bank.
High value checks (above 5 lakh rupees) and regular value checks (less than 5 lakh rupees) are settled through BACH. High value checks should be sent by 12 noon for clearing. These will be settled by 2:30 PM. And any regular value check should be sent to the clearing house by 12:30 PM and cleared by 2:30 PM.
RTGS will be traded from 11 am to 3 pm. Bangladesh Electronic Funds Transfer Network (BEFTN) services will continue as before, the directive said.