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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.
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
