Frequently asked questions
Banking terms and rules in plain language.
What is a routing number and how long is it?
A 9-digit number that identifies a bank branch: 3 digits for the bank, 2 for the district, 3 for the branch and a final check digit. It is used for domestic electronic transfers.
What is BEFTN?
Bangladesh Electronic Funds Transfer Network — a batch-based electronic system for salaries, bills and transfers between banks. It uses routing numbers.
What is RTGS?
Real-Time Gross Settlement — a system that settles high-value payments immediately through Bangladesh Bank.
What is NPSB?
National Payment Switch Bangladesh — the switch behind instant interbank fund transfers (IBFT) between banks and mobile financial services.
When do I need a SWIFT code?
When receiving money from abroad or sending it overseas. Domestic transfers use the routing number.
What is the difference between FDR and DPS?
An FDR (fixed deposit) is a lump sum held for a fixed term. A DPS (deposit pension scheme) is a fixed monthly deposit that pays out in one sum at maturity.
Is tax deducted on bank interest?
Yes, banks deduct source tax when paying interest — commonly 10% with a TIN and 15% without. Excise duty on balances may also apply. Check current rates with your bank.
What is Sammilito Islami Bank?
A state-owned bank formed by merging EXIM, First Security Islami, Global Islami, Social Islami and Union Bank. An August 2026 report says they continue under their own names until IT systems are merged.
Has Standard Bank changed its name?
Yes. It became Standard Islami Bank PLC on 10 February 2026.
Where do I complain about a bank?
First to the bank’s complaint cell; if unresolved, Bangladesh Bank’s hotline 16236.
How reliable is the data on this site?
Routing numbers come from a sourced open dataset (CC0) with a checked date per bank. Branches still change — confirm with the receiving bank before sending money.