

cash withdrawal, balance enquiry and mini statement) could be done through NPSB. Currently, three types of interbank ATM transaction (i.e. 53 Banks are now interconnected through NPSB for their ATM transactions. Currently, it caters interbank Automated Teller Machines (ATM), Point of Sales (POS) and Internet Banking Fund Transfer (IBFT) transactions while the Mobile Financial Services interoperability is under active consideration. Operational since 2012, NPSB is meant for establishing interoperability among participating banks for their account and card based transactions. (c) National Payment Switch Bangladesh (NPSB)

At the same way it accommodates debit transactions like utility bill payments, insurance premium payments, Club/Association payments, EMI payment etc. This network can handle credit transfers such as payroll, foreign and domestic remittances, social security payments, company dividends, bill payments, corporate payments, government tax payments, social security payments and person to person payments. It facilitates both credit and debit transactions, as a lead over cheque clearing system. Incepted in February 2011, BEFTN was country's first paperless electronic inter-bank funds transfer system. (b) Bangladesh Electronic Funds Transfer Network (BEFTN)

5,00,000 or above) and Regular Value (RV) Cheque clearing are operated. Under BACPS umbrella High Value (HV) Cheque Clearing (Cheque amounting Tk. Transactions received from the banks during the day are processed and settled at a pre-fixed time. BACPS operates in a batch processing mode. cheque, pay order, dividend & refund warrants, etc). It uses the Cheque Imaging and Truncation (CIT) technology for electronic presentment and payment of paper-based instruments (i.e. Since inception in October, 2010 BACPS is the only state-of-the art cheque clearing facility. (a) Bangladesh Automated Cheque Processing Systems (BACPS)
