Find a Bank Routing Number in Bangladesh (BEFTN or NPSB Code)

What is Bank Routing Number in Bangladesh?

The bank routing number in bangladesh is a nine-digit identification number assigned to financial institutions that identifies the financial institution from which a payment is drawn.

How Does the BEFTN or NPSB Code or Bangladesh Bank Routing Number Work?

In order to facilitate real-time batch processing of electronic credit and debit instruments among all of the participating banks, the BEFTN Hub will operate in a real-time mode. Each of the financial institutions that are part of this network is given a distinct routing code. It is possible to make payments to either individuals or institutions. When making payments, it is essential to include the routing code that corresponds to the beneficiary branch.

Formation of Bank Routing Number or BEFTN or NPSB Code

In Bangladesh, a bank routing number is a special unique code or identifier that is generated by combining:

• The first three digits of the bank code.
• The next two digits of the fourth and fifth digits of the district code.
• The next three digits of the sixth, seventh, and eighth digits of the branch code, and
• The last one digit of the cheque digit.

This special, one-of-a-kind bank routing number is also printed on the bottom-left corner of bank cheques.

For Example, if the Routing number is 123456789, the structure will look like this:

Applications of a Bank Routing Number in Bangladesh

The following are some applications of a bank routing number in Bangladesh:

• Online Fund Transfer through BEFTN and NPSB.
• Transferring funds from one bank account to another.
• Identifying the financial institution from which a payment is drawn.

Advantages of Bangladesh Bank Routing Number or BEFTN or NPSB Code

The following are the main advantages of using a bank routing number:

• Provide a highly secure payment service.
• Establish a smooth payment system
• Ensure a paperless and automated payment system.
• Save time and increase efficiency.