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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

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.

Letter Of Credit

Letters of Credit

SBI offers Letters of Credit to facilitates your purchases of goods. Backed by the SBI's strong reputation, you will be able to build better trust in trade and forge business relationships faster.

The bank's vast network of branches and correspondent banks enables your enterprise to sustain a seamless flow of business on a wide platform.

Further, the bank's informed trade finance crew can provide you with sophisticated credit and trade information and market knowledge, helping you extract more value from business.

Please contact the nearest branch for prevailing details and terms & conditions.