Regulatory Alerts2024-06-12
Added · Updated
PSD Circular Letter No. 05: Regarding BACH and RTGS Transaction Schedule on 14, 15 and 16 June 2024 Preceding Eid-ul-Adha
The Payment Systems Department of Bangladesh Bank specifies the operating hours for Bangladesh Automated Clearing House (BACH) and Real Time Gross Settlement (RTGS) transactions on June 14, 15, and 16, 2024, due to weekly and government holidays preceding Eid-ul-Adha. BACH High Value Clearing presentment and return cut-off times are set at 12:00 PM and 2:30 PM respectively, while Regular Value Clearing cut-offs are 12:30 PM and 4:00 PM. RTGS customer transactions (Pacs.008) operate from 10:00 AM to 3:30 PM, customs duty e-payments from 10:00 AM to 4:30 PM, and interbank fund transfers (Pacs.009) and returns (Pacs.004) from 10:00 AM to 4:45 PM. Additionally, banks are prohibited from presenting checks to bank branches located outside the areas mentioned in DOS Circular Letter No. 16 dated June 9, 2024.