Bangladesh Bank refreshes BEFTN framework
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The Bangladesh Bank (BB) has refreshed its electronic supports move framework that will happen from tomorrow (October 24) to encourage business exercises the nation over.
Installments will be settled inside a day rather than the current following day by utilizing the refreshed Bangladesh Electronic Funds Transfer Network (BEFTN), as per authorities.
Right now, the corporate elements can pay their representatives' compensations, service charges, IPO discount warrant, organization profit and different installments by utilizing electronic subsidizes move arrange without checks.
The national bank gave a round in this association on Tuesday, and asked the overseeing executives and CEOs of every booked bank for taking vital arrangements for usage of the most recent applications.
"We've refreshed our clearing house applications to encourage the general business exercises just as to help the economy," a senior authority of the BB told the FE, while clarifying the primary target of the framework upgradation.
The Bangladesh Automated Clearing House (BACH), the computerized installment frameworks stage, has two parts - the Bangladesh Automated Check Processing Systems (BACPS) and the BEFTN.
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