India-Bangladesh Trade in Indian Rupee (INR-BDT)
The settlement of bilateral trade between Bangladesh and India with INR-BDT has been launched.
The E-Remittance Facility has been Launched for YONO SBI Bangladesh Mobile Application.
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RTGS
As an electronic settlement, it ensures transfer of funds from one account of a bank to that of another bank on a real-time and on gross basis. Here real-time refers transactions that do not need any waiting period. Transactions are settled as soon as they are executed.
BACPS/BEFTN
Bangladesh Automated Cheque Processing System (BACPS) and Bangladesh Electronic Funds Transfer Network (BEFTN) are designed to automate cheque clearing to speed up the processing and reduce risks as well as provide a medium for paper-less interbank payments.
Fund transfer through ATM
ATMs provide a couple of facilities and services to the customers. One of them is to transfer money from one bank account to another using your debit/ATM card. Money transfers through ATMs can be helpful in urgent situations.
Fund transfer from INB