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LOCATE ANY BANK BRANCH IN BANGLADESH



Or Validate Bangladesh Routing Number  
Or Select a District from these
BARISHAL    1 Branches
BOGRA    2 Branches
BRAHMANBARIA    2 Branches
CHITTAGONG    10 Branches
COMILLA    1 Branches
COXS BAZAR    2 Branches
DHAKA-NORTH    31 Branches
DHAKA-SOUTH    18 Branches
FARIDPUR    1 Branches
FENI    1 Branches
GAZIPUR    6 Branches
GOPALGANJ    1 Branches
JESSORE    1 Branches
KHULNA    1 Branches
KISHOREGANJ    2 Branches
MOULVI BAZAR    1 Branches
MUNSHIGANJ    1 Branches
MYMENSINGH    3 Branches
NAOGAON    1 Branches
NARAYANGANJ    6 Branches
NARSHINGDI    3 Branches
NAWABGANJ    1 Branches
NOAKHALI    1 Branches
PATUAKHALI    1 Branches
RAJSHAHI    1 Branches
RANGPUR    1 Branches
SIRAJGANJ    2 Branches
SYLHET    2 Branches
TANGAIL    2 Branches

THE PREMIER BANK LTD. logo Format of The Premier Bank Ltd. Routing Number

The Premier Bank Ltd. or any banks in Bangladesh Routing number or BEFTN Code is a nine digit numerical code.

The Structure is -

2

3

5

X

X

Y

Y

Y

Z

Bank Code

District Code

Branch Code

Cheque Digit

  • 235 - First three digits is bank code. Any The Premier Bank Ltd. Routing Number or BEFTN Code start with 235.

  • XX - Next two digits is district code.

  • YYY - Next three digits is branch code.

  • Z - Last one digit is cheque digit.
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    Rate Date : 28/03/24

    General Information About Bangladesh Bank Routing Number (BEFTN Code)


    What is Bangladesh Bank Routing Number?

    BEFTN stand for Bangladesh Electronic Fund Transfer Network. The bank routing number of any bank in bangladesh is a nine digit identification number assigned to financial institutions or bank and this number identifies the specific financial institution or bank branch upon which a payment is drawn.


    Features of the Bangladesh Bank Routing Number or BEFTN Code

    • End-to-end electronic form.
    • EFT transaction could be debit or credit.
    • It will operate in real-time batch processing mode.

    How Does Bangladesh Bank Routing Number or BEFTN Code Work

    BEFTN operates both as a processing center and delivery center for the distribution and settlement of electronic credit and debit instruments among all the participating banks. This network will be run in a real‐time batch processing mode. Transaction files which are being received from the banks will be processed to ensure if there are conditions that would result in a file or batch rejection. The banking company will have enough time to fix the errors and problems and resubmit the file.

    Again, all the commercial banks of Bangladesh are the members of the BEFTN hub in order to send and receive payments. Payments can be made to individuals or institutions. payment instruction should be provided by the Bangladesh Bank. All the banks under this network are provided with unique routing codes. So when payment instructions are being initiated, it is mandatory to use the routing code for the beneficiary branch. All payment transactions will be calculated into a single multilateral netting figure for each individual bank.

    Structure of the Bangladesh Bank Routing Number or BEFTN Code

    This is a special unique code or identifies number is generated with the combination of the first three digits bank code, next two digits means fourth & fifth digit is district code, then next three digits means sixth, seventh & eighth digit is branch code and at last one means nineth digit is cheque digit. This special unique bank routing number is also printed on the bottom-left of your bank cheque leafs.


    Example : Breakdown of Bangladesh Bank Routing Number (BEFTN Code)

    1

    2

    3

    4

    5

    6

    7

    8

    9

    Bank Code

    District Code

    Branch Code

    Cheque Digit


    What Bangladesh Bank Routing Number or BEFTN Code Used for?

    The BEFTN or Bangladesh Routing Number used for various purpose such as online banking fund tranfer, payment to a local bank account etc.


    Advantage & Disadvantage of Bangladesh Bank Routing Number or BEFTN Code

    Advantage Disadvantage
    It will create smooth payment system among all the branches across the country. BEFTN is the most critical component in the development of a modern payments system infrastructure.
    It will ensure highly secured payment service since there will be no chance of alteration unlike in the case of the existing paper-based system. When an amount is transferred through BEFTN, the bank cannot able to reverse the transaction.
    It will be efficient since it is paperless & automated. It will optimize bank’s cash flow management process and working capital cycle.
    Payment initiation will make an end-to-end automated process with auto reconciliation capabilities.
    EFT reduces turnaround time significantly in the majority of cases to one day from a number of days from traditional payment mechanisms.