Regulatory Alerts2021-04-21
Added
PSD Circular Letter No. 03 Continuation of Uninterrupted Banking and Payment Services in Response to COVID-19
The document extends the operating hours for specific payment platforms, including NPSB (NPSB) and NPSB (NPSB), to maintain uninterrupted banking services during the COVID-19 pandemic. Transactions via NPSB are permitted from 11:00 AM to 12:00 PM on weekdays and 11:30 AM to 1:30 PM on Fridays, while two sessions of NPSB remain open according to their previous schedule. Additionally, transactions via NPSB (NPSB) are authorized between 10:00 AM and 1:00 PM. These extended timeframes remain in effect until further notice.
Payment Systems Department Bangladesh Bank Head Office, Dhaka. PSD Circular Letter No. 03/2021 Date: 08 Joishtho 1428 21 April 2021 Managing Director/Chief Executive Officer All Scheduled Banks operating in Bangladesh Dear Sir, Regarding the continuation of uninterrupted banking and payment service operations in response to the situation arising from COVID-19. In continuation of the DOS Circular Letter No. 16 dated 20-04-2021 issued by the Department of Offsite Supervision (DOS) regarding the continuation of banking services, and the PSD Circular Letter No. 02/2021 dated 13-04-2021 of this department, the operating hours for payment platforms to provide special daily banking services are determined as follows:-
- Transactions through National Payment Switch Bangladesh (NPSB): a) Operating hours for NPSB - Weekdays: Morning session - 11.00 AM to 12.00 PM Afternoon session - 11.30 AM to 1.30 PM b) On the aforementioned days, two sessions of NPSB will remain open according to the previous schedule.
- Transactions through National Automated Clearing House (NACH): From 10:00 AM to 1:00 PM. This timeframe will remain in effect until further instructions are provided. Yours faithfully, (Mohammad Badujjaman Dider) Deputy General Manager Phone: 9530611