Regulatory Alerts2021-07-29
Added
PSD Circular Letter No. 10: Continuation of Uninterrupted Banking and Payment Services in Response to COVID-19
The document establishes operating hours for payment platforms to ensure uninterrupted banking services during the COVID-19 pandemic. It sets specific transaction windows for Interbank Fund Transfer (IFT) via NPSB, including extended evening hours on weekdays and Saturdays, while maintaining two sessions for NPSB as per previous schedules. Additionally, it defines the Bangladesh Clearing House Automated Clearing House (BCHACH) operating window from 10:00 AM to 2:30 PM, with an extension until 3:30 PM specifically for customs duties, fees, charges, and interbank transactions.
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