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Bangladesh Bank re-fixes daily timings for interbank cheque clearing


Bangladesh Bank re-fixes daily timings for interbank cheque clearing

Bangladesh Bank has re-fixed the daily timings for interbank cheque clearing.

On Jul 15, 18 and 19, high value clearing cheques presentment cut off time will be 12 p.m. while the return cut off time will be 3 p.m., as per a central bank notification issued on Wednesday (Jul 14).

During the days, return value clearing cheques presentment cut off time will be 12.30 p.m. while the return cut off time will be 5 p.m.

Transaction of both sessions through BEFTN will be in the existing schedule.

Transaction through Real Time Gross Settlement (RTGS) will be 10 a.m. to 4 p.m. while only customs related tax, fee, charge and inter-bank transactions will be till 5 p.m.

On Jul 17 and 20, high value clearing cheques presentment cut off time will be 11.30 a.m. while the return cut off time will be 1 p.m.

During the days, return value clearing cheques presentment cut off time will be 1 p.m. while the return cut off time will be 2.30 p.m.

Transaction of both sessions through BEFTN will be in the existing schedule.

Transaction through Real Time Gross Settlement (RTGS) will be 10 a.m. to 2 p.m. while only customs related tax, fee, charge and inter-bank transactions will be till 3 p.m.

However, from Jul 25, high value clearing cheques presentment cut off time will be 11.30 a.m. while the return cut off time will be 1 p.m.

During the days, return value clearing cheques presentment cut off time will be 12 p.m. while the return cut off time will be 2.30 p.m.

Transaction of both sessions through BEFTN will be in the existing schedule.

Transaction through Real Time Gross Settlement (RTGS) will be 10 a.m. to 1.30 p.m. while only customs related tax, fee, charge and inter-bank transactions will be till 2.30 p.m.

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