*What can we do through RTGS?
- You can transfer 100000. 00 BDT or above from one bank account to another bank account instantly through by submitting a bank form.
- Interbank or call money transaction can be ensured by RTGS.
- Government securities transaction can be ensured by RTGS.
- The money of local L/C can transfer from one bank to another bank.
- Customs duty ASYCUDA (Automated System for Customs Data) can collect through RTGS.
- Fixed deposit money is also transferable.
*Money transfer system of RTGS:
- Customers must need to fill up a respective bank form for RTGS transaction. The transaction money should be 1,00,000.00 BDT or above any other amount.
- After getting the customers instruction, bank quickly debit the customer account and transfer the money to receiver.
- After that receiving bank credit this amount money within 30 minutes when receiving bank found a confirmative message from Bangladesh Bank.
- If any customer wants to do RTGS transaction he/she should have a bank account along with KYC and Transaction Profile which should be updated. The account also need correct address and valid mobile number.
*Advantages of RTGS:
- RTGS is a new introduction of digital era in Bangladesh.
- RTGS will give you security for your immediate transaction and it will save your valuable time, labor and money.
- Clients get their money within short time, so that they can instantly fulfill their emergency needs.
- Fund transfer facilities from bank to bank (1,00,000 BDT. or above transaction will charge only 100 BDT.)
- RTGS is much secured for large amount of money transaction which also reduces the risk of large amount money carrying.
- It is a cheuqeless transaction, so therefore material alteration risk is no more for money appropriation.
- Because of system automation, it is much secure, easy and prompt.
- Fund transfer facilities from to Bank to Bank. You can send money to branches in everywhere in Bangladesh.
- Fund flow management is quick.
- Working capital cycle also quick.
- Transaction is possible within 30 minutes.
- Due to technical difficulties customers will receive about RTGS transaction cancellation message within 30 minutes.
*The following activities can be done through BEFTN:
- Foreign remittance money can be quickly and safely credited to all types customer account
- Any amount of money can be transferred from one bank account any other bank account.
- Refund warrant /dividend warrant / a sell of the legal company share can be credited and transferred.
- Payment of installment and insurance premium of different bank or financial institution can be paid at any time.
- The credit card payment of all banks can be repaid at any time.
- Local L.C money can be transferred from one bank to another bank.
- The profit of savings certificate can be transferred to the account
- The salary, welfare fund and retirement pension of the official institution can be paid through BEFTN
*The following facilities are found to do BEFTN
- Without any charge bank to bank fund transfer.
- No chance to material alteration because of there is no cheque.
- Because of automated it is safe.
- Benefit of transferring fund to bank branches in any part of the country
- Cash flow management is swift.
- Working capital is fast
- Any amount can transfer through BEFTN
- The transaction can complete within 24 hours.
- If any BEFTN transaction cannot accomplish correctly/ properly than it inform to customer within 48 hours