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Payment System Department (PSD)
Payment System Department (PSD) is well in its way in modernizining of payment & settlement system of Social Islami Bank Ltd (SIBL) through BACPS & BEFTN. All the way through sophisticated on-line system with Bangladesh Bank & satellite base in house on-line system has enable the clients to banking with us.

In BACH Section, we may cove all branches of SIBL over the country in electronic cheque processing system & on-line payment of clearing under state of the latest technology through Bangladesh Automated Cheque Processing System (BACPS).Through online clearing system anybody can deposit cheque in any branch of SIBL for crediting one’s account with SIBL in any branch .The MICR(Magnetic Link Character Recognition) based cheque has already been introduced in SIBL to ease & standardized of payment system.

In Bangladesh Electronic Fund Transfer Network (BEFTN) section, the inter bank electronic fund transfer system which is mostly known as BEFTN has been introduced in our bank .Through BEFTN any one send or receive money in any branch of any bank within the country. From abroad remitters can also send their moneys for speedy payment to their relatives by using BEFTN. BEFTN is less cost effective,time saving, speedy & safe system of payment which has been praised by all in a very short span of time.Large conglomerates can pay their employees salaries through BEFTN without hassle. BEFTN is being used as the alternive way of cheque,pay order,demand draft etc spontaneously to the clients.

At PSD ,we are providing devoted services to the clients through BACPS & BEFTN.

Contact Person :
Vice President
Payment System Department (PSD)
15, Dilkusha,Dhaka
Phone :09612001122 (Ex-50630, Ex-50631)
Cell no: 01789031222
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