Regulatory Alerts2023-11-19
Added
PSD Circular Letter No. 07: Change in BACH (BACPS) Schedule
The document establishes a revised operating schedule for the Bangladesh Automated Clearing House (BACH) for days other than weekly and government holidays, effective from 21 November 2023. The schedule specifies that the BACH session runs from 12:00 PM to 2:30 PM, while the BACPS session runs from 12:30 PM to 4:00 PM. Additionally, the three sessions of the Bangladesh Clearing House (BCH) will continue to operate according to their existing schedule. This directive applies to all scheduled banks and Bangladesh Cooperative Bank Limited operating in Bangladesh.
50119 Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh. Payment Systems Department PSD Circular Letter No. 07/2023 Date: 04 Agrahayan 1430 19 November 2023 Managing Director/Chief Executive Officer All Scheduled Banks and Bangladesh Cooperative Bank Limited Operating in Bangladesh Dear Sir, Regarding the schedule of BACH (BACPS). With reference to Circular Letter No. 07 dated 10 November 2022 of the Payment Systems Department, it is informed that, until further orders, the Bangladesh Automated Clearing House BACH (BACPS) will operate according to the schedule given below on days other than weekly and government holidays. a) BACH Operating Hours -
- Session 1: 12:00 PM to 2:30 PM
- Session 2: 12:30 PM to 4:00 PM b) The three sessions of BCH-BACPS will remain open according to the existing schedule. This directive will be effective from 21 November 2023. Yours faithfully, (Md. Sharafat Ullah Khan) Director (PSD) Phone: 9530064