RegAlert
2018-09-12

Added · Updated

PSD Circular No. 06: Amendment of PSD Circular No. 04/2017

Bangladesh Bank amends PSD Circular No. 04/2017 to require all banks and financial institutions operating in Bangladesh to integrate their Clearing Houses (CH) by December 31, 2019. All inter-bank card transactions must be processed through the Clearing House. This directive takes immediate effect.

Bangladesh Bank logo

Bangladesh

Bangladesh Bank

Scan of the document's first page
Share

Get BB alerts — same-day email on every new publication.

Department of Payment Systems
Bangladesh Bank
Head Office
Dhaka

PSD Circular No.: 06/2018
Date: 12 September 2018
28 Bhadra 1425

To:
Managing Director / Chief Executive Officer All Scheduled Banks Operating in Bangladesh

Dear Sir,

Subject: Amendment of PSD Circular No. 04/2017.

Reference is made to PSD Circular No. 04/2017 issued on 24 August 2017.

Section 2.2.1 of PSD Circular No. 04/2017 shall be replaced as follows:

"All banks and financial institutions operating in Bangladesh shall integrate their Clearing Houses (CH) with the Bangladesh Financial Network (BFN) by 31-12-2019, and all inter-bank card transactions conducted through the CH shall be processed/completed through the BFN."

Furthermore, other matters in PSD Circular No. 04/2017 shall remain unchanged.

This directive shall take immediate effect.

(Muhammad Badujjaman Dider)
Deputy General Manager
Phone: 9530611
Fax: 9530096

Lineage: Amended

PSD Circular No. 04/2017: Ensur…2017PSD Circular No. 04/2017: Ensuring Security, Minimizing Transaction Risks and Enhancing Public Awareness in Card-Based Payments Through Different Payment Channels to Discourage or Reduce Cash Transactions (2017-08-24)PSD Circular No. 06: Amendmentof PSD Circular No. 04/20172018-09-12 · this documentPSD Circular No. 06: Amendment of PSD Circular No. 04/2017 (2018-09-12)PSD Circular No. 08: Amendment …2019PSD Circular No. 08: Amendment of PSD Circular No. 04/2017 (2019-12-08)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 2019-12-08

This document amends: PSD Circular No. 04/2017: Ensuring Security, Minimizing Transaction Risks and Enhancing Public Awareness in Card-Based Payments Through Different Payment Channels to Discourage or Reduce Cash Transactions

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

More like this from BB

We email you every new BB publication the day it's published.

Topics
payments