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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.
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.
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.
With internet banking, customers can transfer funds between bank accounts without having to visit the bank. The transaction can be made through the BEFTN facilities between banks. Net banking offers a 'Fund Transfer' option, for quickly transferring funds to third-party beneficiaries within the bank.
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State Bank of India introduces the online tendering system to facilitate the procurement process of State Bank of India. eTender system is an inhouse product of Bangladesh Bank. The system will help you to participate in the local and international tender/procurement of State Bank of India. Register as a bidder and experience the immediate benefits of eTender.
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To access the service, you will need to register. Registered members enjoy:
- Access to business opportunities with Bangladesh Bank.
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State Bank of India
For eTender Users of State Bank of India only