BACH - Automated Clg House

Automated Clearing House

 Automated Clearing House provides paperless electronic image based cheque clearing solution, avoiding the need to make physical presentation of the cheques to drawee banks thereby greatly improving the clearing and settlement process
 Bangladesh Bank is going to introduce Bangladesh Automated Clearing House (BACH) from March 2010
 In the new system, a customer will deposit his cheque to the collecting bank, a digital image of the cheque will be generated and electronic information will be captured for the clearing process
 The cheque image will be presented to the drawee bank, electronically, via the Automated Clearing House located at Bangladesh Bank.
 Paper cheques will be retained by the collecting bank
 The interbank processing of Cheque Image and Truncation System (CITS) will be secure and reliable with no impact on the customers.

1 comment:

  1. digital signature certificate18 December 2011 at 18:59

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