BB fixes new charge for clearing cheques

Bangladesh Bank on Thursday fixed new charges for clearing of cheques effective March 1, reports UNB.

The new charges will be applicable for the cheques to be cleared through Bangladesh Automated Clearing House (BACH).

According to a central bank circular, all the cheques below Tk 50,000 will be free of any clearing charge while Tk 10 including VAT will be applicable for a cheque of Tk 50,000 to Tk 500,000. Of this charge of Tk 10, 

the BACH will get Tk 8 while the bank placing the cheque will get Tk 2.

A charge of Tk 60 will be applicable for clearing a high value cheque on the same day having an amount above Tk 500,000 from any place of the country. Of the charge,

Tk 50 will go to BACH while Tk 10 to the bank placing the cheque. But if such cheques are placed for regular value clearing, the charge will be Tk 25 of which BACH will get Tk 20 and the placing bank Tk 5.However,

all cheques issued by the government to any person will be free of any charges.

News Source: - The New Nation Bangladesh

Dated: - 2-Mar-2013