As part of inclusive digitalization initiative, Bangladesh Bank launched Real Time Gross Settlement (BD-RTGS) system on 29th October 2015 to facilitate safe, secured and efficient interbank payment system. This mechanism has opened a new horizon in the payment ecosystem, accommodating instant settlement of large value and time critical payments in the country. 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. It is worthwhile to mention here that, besides customers transaction, BD-RTGS System are fascilating Financial Institution’s transaction, Inland foreign currency transaction, Customs Duty e-Payment, VAT e-Payment and other important Government’s Payments. Needless to say that minimum limit of a transaction is BDT 1,00,000 whereas there is no limit in case of government payment and inland foreign currency transaction.
Initially, RTGS system was operated only in local currency. Later on, inland foreign currency transaction among scheduled commercial banks has been inaugurated on 04th September’2022. In addition, Chinese Yuan has been introduced in RTGS System on 04th February 2024.
In 2024, total 10,174,214 transactions of local currencies has been settled through BD-RTGS System with the Value of ৳5,001,080 Crore and 785,310 transactions in USD valuing 32,896 million have been settled through BD-RTGS System. Moreover 3,790,380 transactions of local currencies valuing 1870830 crore, 281,946 transactions in USD valuing 11,327 million, 78 transactions in Euro valuing 36.67 million and 7 transactions in Chinese Yuan valuing 1.75 million have been settled through BD-RTGS System during the tenure of January’25 to April’25.
Replacing paper based transaction system; RTGS system is becoming more popular day by day. Mentionable that more than 11,231 online branches of 60 scheduled commercial banks and 19 Non-Bank Financial Institutes are currently connected to this system. To facilitate the customer with the features of Next-Generation RTGS, Bangladesh Bank has officially launched the upgraded RTGS System on 25 February, 2025. The new system enhances operational efficiency, customer credit confirmation and option to operate the system on 24X7 basis in future. In addition, Finance Companies are able to disburse and receive loan payment through upgraded RTGS System. An in-depth realization is that, RTGS system may bring about an immense change in the financial sector and set up an epoch-making example in the arena of Bangladesh economy.
Trend of overall transactions through RTGS system is as follows:
| Month | BDT | USD | ||
|---|---|---|---|---|
| Number of Transaction | Amount(Cr) | Number of Transaction | Amount(Million) | |
| April, 2025 | 858483 | 454311 | 68255 | 2616 |
| March, 2025 | 976248 | 479714 | 73252 | 2869 |
| February, 2025 | 934622 | 431293 | 68626 | 2818 |
| January, 2025 | 1021027 | 505512 | 71813 | 3023 |
| December, 2024 | 969015 | 476785 | 71813 | 2848 |
| November, 2024 | 857746 | 429399 | 60584 | 5118 |
| October, 2024 | 851193 | 405343 | 66764 | 2458 |
| September, 2024 | 893418 | 419632 | 69328 | 3044 |
| August, 2024 | 848555 | 370669 | 66102 | 2491 |
| July, 2024 | 728432 | 418257 | 62985 | 2551 |
| June, 2024 | 823494 | 462500 | 63504 | 2319 |
| May, 2024 | 866862 | 426981 | 65424 | 2535 |
Month wise transaction (BDT) number and volume graph (May 2024- April 2025):
Month wise transaction (USD) number graph (May 2024- April 2025) is :
