Regulatory Alerts2021-06-30
Added
PSD Circular No. 09: Continuation of Uninterrupted Banking and Payment Services in Response to COVID-19
The Payment Systems Department of Bangladesh Bank mandates that banks, mobile financial service providers, payment service providers, and payment system operators maintain uninterrupted banking and payment services during government-imposed curfews. Key requirements include establishing emergency contact lists, ensuring cash availability at ATMs and agent points, and disinfecting transaction locations. The circular sets new daily and single-transaction limits for Internet Banking Fund Transfers via NPSB (1 million BDT daily/300,000 BDT single for individuals; 2.5 million BDT daily/500,000 BDT single for institutions) and specifies operating hours for interbank fund transfers and the Bangladesh Clearing House Automated Clearing House (BCHACH).