Tk10 cost fastened for Web banking fund switch


A most of Tk20 per transaction has been fastened for money withdrawal utilizing level of sale system

TBS Report

18 October, 2021, 10:20 pm

Final modified: 19 October, 2021, 01:46 pm

Representational picture. Image: Collected

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Representational picture. Image: Collected

The Bangladesh Financial institution has fastened a Tk10 service cost for transaction of interbank web banking fund switch by way of Nationwide Cost Swap Bangladesh (NPSB).

Bangladesh Financial institution’s Cost Programs Division issued a round on Monday and despatched it to all involved together with scheduled banks and cell monetary providers suppliers, says a press launch.

In response to the brand new tips, the buying firm will cost 0.7% service provider low cost charge (MDR) per transaction within the case of Bangla QR transactions for micro retailers. Of which 0.4% can be paid to the cardboard issuing financial institution for Interchange Reimbursement price (IRF).

On this regard, BB Spokesperson Sirajul Islam mentioned many banks had been uninterested as there was no cost for web banking fund switch. Now, Tk10 service cost has been fastened per transaction for the banks.

In response to the round, the buying financial institution will get 1.6% of the entire transaction as service provider low cost charge (MDR), in case of service provider funds utilizing the purpose of sale (POS) of one other financial institution beneath the NPSB. Of the quantity, 1.1% can be paid to the cardboard issuing financial institution as IRF.

Cost Programs Division GM Md Mezbaul Haque mentioned earlier completely different banks took completely different quantity of fees for POS transactions, now the central financial institution has fastened 1.6% for the comfort of the purchasers.

The round additionally mentioned that if the community of Worldwide fee scheme (IPS) is used, a further 0.2% of the cost for IRF must be paid.

On the identical time, a most of Tk20 per transaction has been fastened for money withdrawal utilizing POS. This cost can be confirmed by the issuing financial institution to the buying financial institution.

In the meantime, beneath the NPSB, a financial institution has to pay a service cost of Tk20 per transaction for withdrawing money from one other financial institution utilizing an ATM. Bangladesh Financial institution has fastened Tk5 for cash info, Tk5 for brief message, most Tk10 for cash switch and most Tk20 for money deposit.

 



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