Digital banking platforms to remain open | The Daily Star
12:00 AM, March 26, 2020 / LAST MODIFIED: 12:50 AM, March 26, 2020

Digital banking platforms to remain open

Bangladesh Bank yesterday said it would run the National Payment Switch Bangladesh (NPSB) during the general holidays declared by the government in order to settle the inter-bank transaction through credit and debit cards and point-of-sale terminals.

The NPSB also allows customers to transfer a maximum of Tk 2 lakh per day from one bank to another.

The Bangladesh Electronic Fund Transfer Network will remain open between April 1 and April 2 such that the government employees can receive their salaries, said the central bank notice.

BEFTN is used to settle transactions between banks. The platform is usually used to give salary and wage to employees.

But the Bangladesh Automated Cheque Processing Systems (BACPS) and Real-time Gross Settlement (RTGS) platform will remain closed during the holidays.

This means, large volumes of inter-bank transactions will not be possible during the holidays.


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