Regulatory Alerts2025-02-26
Added
PSD Circular Letter No. 06: Change in BACH and RTGS Schedule during the month of Holy Ramadan, Hijri-1446 (2025)
The document establishes specific operating hours for Bangladesh Automated Clearing House (BACH) and Real Time Gross Settlement (RTGS) transactions on working days during the holy month of Ramadan 1446 AH (2025), excluding weekends and public holidays. For BACH, BACPS High Value Clearing presentment cutoffs are set at 11:30 AM with a return cutoff at 1:30 PM, while Regular Value Clearing has a presentment cutoff at 12:00 PM and a return cutoff at 3:00 PM; BEFTN sessions continue according to their previous schedule. RTGS customer transaction windows (Pacs.008) run from 9:30 AM to 2:30 PM for both BDT and foreign currency, customs duty e-payments extend until 3:30 PM for BDT, and interbank fund transfers (Pacs.009) and returns (Pacs.004) operate until 3:45 PM for BDT and 3:30 PM for foreign currency. These adjusted schedules revert to pre-Ramadan timings once the holy month concludes.