BB re-fixes interbank transactions duration for 5-7 April
Staff Correspondent
Bangladesh Bank (BB) has re-fixed the duration of interbank transactions ahead of Eid=ul-Fitr holidays from 5 April to 7 April.
Despite the government holiday on the occasion of Eid-ul-Fitr, the designated bank branches in industrial areas will remain open on 5, 6, and 7 April in order to ensure timely payments of salaries, bonuses and allowances to workers, employees, and officials, and processing of export bills.
The presentment the cut off time for high value clearing through the Bangladesh Automated Clearing House (BACH) will be 10:30am while the return cut off time will be 12:00pm, as per a BB circular issued here today.
The presentment cut off time for regular value clearing is 11:00am while the return cut off time is 1:30pm, it added.
However, the existing time of BEFTN (Bangladesh Electronic Funds Transfer Network) will remain unchanged.
