Bangladesh Bank (BB) Tuesday released a schedule of charges that the central bank and the requesting banks could realise for clearance of cheques of different values.

For clearance of high-value cheques, the BB would charge Tk 25 and VAT (Value Added Tax) from requesting banks while the banks could charge Tk 50 and VAT from their clients.

For regular value cheques, the rate per cheque is Tk 5 and VAT while banks could charge maximum Tk 7 and VAT from clients.

The rate of charge per transactions under the Bangladesh Electronic Fund Transfer Network in case of the central bank is Tk 5 and VAT while banks could charge Tk 7 maximum from clients.

News: The Daily Sun/Bangladesh/14-Nov-12