Regulatory Alerts2020-09-06
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PSD Circular Letter No. 11: To revise the transaction limit in Internet Banking Fund Transfer(IBFT) through NPSB
The document revises the transaction limits for Internet Banking Fund Transfer (IBFT) through the National Payment Switch Bangladesh (NPSB). Effective from 10 September 2020, the daily transaction ceiling is set at 500,000 BDT with a single transaction limit of 100,000 BDT and a maximum of 10 transactions for individuals, and 1,000,000 BDT with a single transaction limit of 2,000,000 BDT and a maximum of 20 transactions for institutions.
Department of Payment Systems Bangladesh Bank Head Office Dhaka
PSD Circular Letter No. 11/2020 06 September 2020 Date: ------------------- 22 Bhadra 1427
Managing Director / Chief Executive Officer All Scheduled Banks Operating in Bangladesh
Dear Sir,
Regarding the revision of the upper limit of transactions in Internet Banking Fund Transfer (IBFT) through NPSB.
In light of the increasing popularity of information technology-dependent inter-bank services under the National Payment Switch Bangladesh (NPSB) and the continuous growth in transactions, the upper limit of transactions in Internet Banking Fund Transfer (IBFT) through NPSB is hereby revised as follows:
| Category | Daily Transaction Ceiling | Single Transaction Ceiling | Daily Transaction Count Ceiling | Daily Transaction Ceiling | Single Transaction Ceiling | Daily Transaction Count Ceiling |
|---|---|---|---|---|---|---|
| Individual | 5,00,000 BDT | 1,00,000 BDT | 10 | 10,00,000 BDT | 2,00,000 BDT | 20 |
| Institutional |
The revised limits for IBFT transactions will be effective from 10 September 2020.
Yours faithfully,
(Muhammad Badruzzaman Dider) Deputy Governor (In-charge) Phone: 9530611
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