PSD Circular No. 03: Regarding Regulations on Electronic Fund Transfer Network 2014

Payment Systems Department Bangladesh Bank Head Office Dhaka PSD Circular No. - 3/2014 Managing Director / Chief Executive Officer All Scheduled Banks Operating in Bangladesh Dear Sir, Subject: Regarding the Regulations on Electronic Fund Transfer Network 2014.

Under Section 7(a) of the Bangladesh Bank Act, 1972, and exercising the powers conferred under Sections 82(1) and 82(2)(c) of the same Act to ensure the development, control, security, and efficiency of the country's payment systems, the Board of Directors of Bangladesh Bank approved the 'Regulations on Electronic Fund Transfer Network - 2014' at its 351st meeting held on April 22, 2014. In this regard, you are hereby directed to take necessary measures to comply with these regulations in accordance with Section 49(1)(b) of the Banking Company Act, 1991 (Amended 2013).

You are directed to download the regulations from the official website of Bangladesh Bank. The regulations shall come into force immediately.

Accept the assurances of our highest consideration.

Yours faithfully,

(K. M. Abdul Wadud) General Manager Phone: 9530174 E-mail: psd@bb.org.bd 01 Joishtho, 1421 Date: -------------------- 15 May, 2014 www.bb.org.bd www.bangladeshbank.org.bd