BB re-fixes interbank transactions duration for April 5-7

Bangladesh Bank (BB) has re-fixed the duration of interbank transactions for April 5-7.

Despite the government holiday for Eid-ul-Fitr on April 5-7, branches of the scheduled banks in the readymade garments industrial areas will remain open to facilitate payment of garment workers' salary, Eid bonus, allowances and export-import activities, reports BSS.

The presentment the cut off time for high value clearing through the Bangladesh Automated Clearing House (BACH) will be 10.30am while the return cut off time will be 12.00pm, as per a BB circular issued in Dhaka on Tuesday.

The presentment cut off time for regular value clearing is 11am while the return cut off time is 1:30pm, it added.

The existing time of BEFTN will remain unchanged.