2020-10-22
Added · Updated
The Department of Supervision grants approval for Mutual Trust Bank Ltd. to temporarily suspend all banking transactions, including branch banking, cheque/EFT/RTGS, POS/ATM, e-commerce debit/credit card transactions, and internet banking, from 11:55 PM on October 29, 2020, until 9:30 AM on November 5, 2020. This suspension is authorized under Section 45 of the Bank Company Act, 1991 (as amended up to 2018) to facilitate the bank's migration to a new core banking system. The directive is issued for the information of all scheduled banks operating in Bangladesh.
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Bank of Bangladesh
(central bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh
Ref. No. DOS Circular Letter No. 32
Department of Offshore Supervision
Date:
06 Kartik, 1427 Bangabda
22 October, 2020 AD
Managing Director/Chief Executive Officer
All Scheduled Banks operating in Bangladesh.
Dear Sir,
Regarding the temporary suspension of banking transactions of Mutual Trust Bank Ltd. for the purpose of completing the core banking system migration program.
It is brought to your kind attention that, in order to provide better services to customers, Mutual Trust Bank Ltd. has applied for the temporary suspension of the transactions mentioned in the table below from 11:55 PM on 29/10/2020 until 9:30 AM on 05/11/2020 for the purpose of migrating banking transactions to the core banking system, and consent has been granted.
Specified Downtime Suspended Services
From 11:55 PM on 29/10/2020
Until 9:30 AM on 05/11/2020
All types of branch banking, cheque/EFT/RTGS transactions, POS/ATM and e-commerce site debit and credit card transactions, internet banking.
This consent has been granted under the powers vested in Section 45 of the Bank Company Act, 1991 (as amended up to 2018), which is published for your information.
Yours faithfully,
(Md. Nurul Amin)
General Manager
Phone: 9530093
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Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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