Regulatory Alerts2017-05-22
Added · Updated
PSD Circular No. 02: Encourage the usage of Electronic Interbank Payments
The Bangladesh Bank requires all scheduled banks to ensure that every branch provides Automated Clearing House (ACH) and Real Time Gross Settlement (RTGS) services by December 31, 2017. Banks must display awareness banners, provide necessary training to staff and managers, and conduct area-specific awareness campaigns such as seminars and workshops. Additionally, banks are instructed to launch internet banking services for customers, subject to necessary security assurances, to facilitate electronic transactions.
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