• Friday, Jun 25, 2021
  • Last Update : 01:37 am

Interbank cheque clearing slows down from the rush before Eid

  • Published at 07:50 pm May 11th, 2021
Bangladesh Bank
Bangladesh Bank Headquarters, Motijheel, Dhaka Mahmud Hossain Opu/Dhaka Tribune

In this case, the BB will permit the lenders for extending banking hour case to case basis

The function of the central bank's Bangladesh Automated Clearing House (BACH) for clearing cheques slowed down on Tuesday from the last minute rush at banks before Eid-ul-Fitr.

Customers faced various difficulties on the day amid the countrywide lockdown, as banks are not able to clear the pending cheque as smoothly as expected.

The function of the BACH slowed down owing to the huge clearing pressure ahead of Eid, said Bangladesh Bank executive director and spokesperson Md Serajul Islam.

He cited the overcapacity in clearing cheques to be the main reason behind the slowdown.


Also Read - Bangladesh Bank’s bank transfer issues finally resolved


In this case, the BB will permit the lenders for extending banking hour case to case basis, he added.

The function of the central bank's Bangladesh Automated Clearing House (BACH) for clearing cheques and settling transactions through electronic funds transfer (EFT) were suspended from April 13 due to a technical fault in the optical fibre cable between the data centre at the central bank’s Motijheel office and its data centre at Mirpur.

Although the interbank cheque clearing system was restored from April 18, EFT remained halted until April 20.

BACH, the first-ever electronic clearing house in the country, has two components — an automated cheque processing system (ACPS) and the EFT.

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail