BB Extends Transaction Hours for Instant Fund Transfers

Bangladesh Bank (BB) has extended the transaction hours for the Real-Time Gross Settlement (RTGS) system, for  increasing access to instant electronic payments in response to growing demand. To this end, the central bank issued a circular on Sunday saying the new  timetable will take effect on Oct 5. Under the new schedule, individual customers will be able to transfer money  in local currency from 10am to 5pm, and in foreign currency until 4pm. Transfers between banks, or interbank transactions, will be permitted from 10am to 5:15pm in local currency and until 4:30pm in foreign currency.