BB restores RTGS services

The bank Executive Director and spokesperson Arif Hossain Khan confirmed the development at around 11:00am on Tuesday.

Earlier this morning, RTGS transactions were suspended due to a technical malfunction in the central bank's Core Banking System (CBS).

Arif Hossain had said the central bank's technical team was working to resolve the problem and restore the service.

RTGS is an electronic interbank fund transfer and settlement system operated by Bangladesh Bank. It allows customers of one bank to transfer money directly to accounts held with another bank, with each transaction settled individually and in real time.

The system is primarily used for high-value financial transactions. In Bangladesh, the minimum transaction amount under the RTGS system is generally Tk 100,000.