Bangladesh Automated Clearing House (BACH): BACH, the first ever electronic clearing house of Bangladesh, has two components - the Automated Cheque Processing System (ACPS) and the Electronic Funds Transfer (EFT). Both the systems operate in batch processing mode- transactions received from the banks during the day are processed at a pre-fixed time and settled through a single multilateral netting figure on each individual bank's respective books maintained with the Bangladesh Bank. A state-of-the-art Data Center (DC) and a Disaster Recovery Site (DRS) have been established comprising of most modern software and hardware for dealing with the operations of BACH. A Virtual Private Network (VPN) has been created between the participating commercial banks and Data Center (DC) & Disaster Recovery Site (DRS) for communicating necessary information related to BACH. Digital Certificate has been formulated for the first time in Bangladesh for secured data communication.
BEFTN | |||||
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Month Name | Total Item Processed | Total Amount | Avg. Item Processed per day | Avg. Transaction Size | |
1 | Jan, 2023 | 23,880,270 | 639,876,932,636 | 1,038,273 | 26,795 |
2 | Feb, 2023 | 24,780,739 | 560,141,411,879 | 1,304,249 | 22,604 |
3 | Mar, 2023 | 13,526,985 | 599,740,879,896 | 676,349 | 44,337 |
4 | Apr, 2023 | 27,601,106 | 627,531,233,055 | 1,314,338 | 22,736 |
5 | May, 2023 | 19,203,291 | 595,078,042,984 | 914,442 | 30,988 |
6 | Jun, 2023 | 41,211,303 | 793,908,591,642 | 2,060,565 | 19,264 |