Regulatory Alerts2024-04-02
Added
PSD Circular Letter No. 02: Regarding BACH (BACPS & BEFTN) schedule on 5, 6 and 7 April 2024 preceding Eid-ul-Fitr
The Department of Payment Systems establishes the operating schedule for the Bangladesh Automated Clearing House (BACH) and BEFTN for the weekly and government holidays on April 5, 6, and 7, 2024. For BACPS, High Value Clearing presentment and return cut-off times are set at 10:30 AM and 12:00 PM respectively, while Regular Value Clearing cut-off times are 11:00 AM and 1:30 PM. BEFTN will operate three sessions according to its standard schedule. Additionally, banks are prohibited from presenting checks at bank branches located outside the specified area to ensure the smooth operation of the clearing system.
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