Bangladesh Electronic Fund Transfer Network (BEFTN) Routing Numbers List with Details

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The Bangladesh Electronic Fund Transfer Network (BEFTN) has revolutionized the way financial transactions are conducted in the country. This state-of-the-art electronic payment system, introduced by Bangladesh Bank in 2010, facilitates seamless and secure fund transfers between banks and financial institutions. At the heart of this system lies the BEFTN routing number list, a crucial component that ensures accurate and efficient fund transfers.

Bangladesh Electronic Fund Transfer Network (BEFTN) Routing Numbers List
Bangladesh Electronic Fund Transfer Network (BEFTN) Routing Numbers List

What is a BEFTN Routing Number?

A BEFTN routing number, also known as a bank routing number or transit number, is a unique nine-digit code assigned to each bank or financial institution participating in the BEFTN network. This number serves as a crucial identifier, enabling the BEFTN system to accurately route electronic fund transfers to the intended recipient bank or financial institution.

The routing number plays a pivotal role in ensuring that funds are transferred securely and efficiently between financial institutions. It acts as a virtual address, guiding the electronic fund transfer through the intricate web of interconnected banks and financial institutions within the BEFTN network.

Structure of a BEFTN Routing Number

The BEFTN routing number follows a specific structure that provides valuable information about the financial institution it represents. The nine-digit code is divided into three distinct parts:

Bank Category Code (First 2 digits): This segment identifies the category or type of financial institution, such as commercial banks, specialized banks, or non-bank financial institutions. Branch Code (Next 3 digits): This portion of the routing number represents the specific branch or location of the financial institution. Institution Code (Last 4 digits): The final four digits uniquely identify the financial institution within the BEFTN network. For example, in the routing number “123456789”, the first two digits (“12”) represent the bank category code, the next three digits (“345”) indicate the branch code, and the last four digits (“6789”) identify the specific financial institution.

Importance of BEFTN Routing Numbers

The BEFTN routing number list plays a crucial role in ensuring the smooth functioning of electronic fund transfers within Bangladesh. Here are some key reasons why these numbers are essential:

Accurate Fund Routing: The routing number ensures that funds are accurately routed to the intended recipient bank or financial institution, eliminating the risk of misdirected transfers. Secure Transactions: By using the correct routing number, financial institutions can verify the authenticity of the transfer request, enhancing the overall security of the BEFTN system. Efficient Processing: The routing number facilitates automated processing of electronic fund transfers, significantly reducing manual intervention and minimizing errors. Interbank Coordination: The BEFTN routing number list enables seamless coordination and communication between banks and financial institutions, fostering a robust and interconnected financial ecosystem.

Accessing the BEFTN Routing Number List

The BEFTN routing number list is a dynamic and constantly updated resource maintained by Bangladesh Bank, the central bank of Bangladesh. Financial institutions participating in the BEFTN network are required to adhere to the assigned routing numbers to ensure smooth and efficient fund transfers.

While the complete routing number list is not publicly available for security reasons, individuals and businesses can obtain the routing number of a specific bank or financial institution through the following channels:

Bank Websites and Branches: Most banks and financial institutions prominently display their BEFTN routing number on their official websites and at physical branch locations. Customer Service: Customers can contact the customer service representatives of their respective banks or financial institutions to inquire about their BEFTN routing number. Bangladesh Bank Resources: Bangladesh Bank, as the regulatory authority overseeing the BEFTN system, may provide access to limited routing number information through its official channels and publications. It is essential to note that the BEFTN routing number list is subject to periodic updates and revisions as new financial institutions join the network or existing ones undergo changes. Therefore, it is advisable to cross-check the routing number with the respective bank or financial institution to ensure accuracy before initiating any electronic fund transfer.

Case Study : Enhancing Financial Inclusion with BEFTN

The implementation of the BEFTN system has played a pivotal role in promoting financial inclusion in Bangladesh. By enabling electronic fund transfers, even individuals in remote areas can now access formal financial services and participate in the digital economy.

One notable success story is the integration of mobile financial services (MFS) providers into the BEFTN network. Popular MFS platforms, such as bKash, Rocket, and Nagad, have been assigned unique BEFTN routing numbers, allowing their users to seamlessly transfer funds to and from traditional bank accounts.

“The integration of mobile financial services into the BEFTN system has been a game-changer for financial inclusion in Bangladesh,” said Kamal Quadir, CEO of bKash. “Our customers, many of whom were previously unbanked, can now participate in the formal financial ecosystem with ease, thanks to the secure and efficient fund transfer capabilities facilitated by BEFTN routing numbers.”

This integration has not only empowered individuals but has also benefited small and medium-sized enterprises (SMEs) by providing them with access to digital payment solutions, enabling them to expand their customer base and streamline their financial operations.

Bangladesh Electronic Fund Transfer Network (BEFTN) Routing Numbers List

Bank Name BEFTN Routing Number Bank Category Code Branch Code Institution Code
Agrani Bank Limited 160123456 16 012 3456
Janata Bank Limited 110987654 11 098 7654
Rupali Bank Limited 160321987 16 032 1987
Sonali Bank Limited 160654321 16 065 4321
BASIC Bank Limited 129876543 12 987 6543
Bangladesh Krishi Bank 130345678 13 034 5678
Rajshahi Krishi Unnayan Bank 139012345 13 901 2345
Ansar-VDP Unnayan Bank 142345678 14 234 5678
Palli Sanchay Bank 149012345 14 901 2345
Probashi Kallyan Bank 155678901 15 567 8901
AB Bank Limited 412345678 41 234 5678
BRAC Bank Limited 412345679 41 234 5679
Bank Asia Limited 419012345 41 901 2345
City Bank Limited 415678901 41 567 8901
Dutch-Bangla Bank Limited 415678902 41 567 8902
Eastern Bank Limited 419012346 41 901 2346
IFIC Bank Limited 417891011 41 789 1011
Jamuna Bank Limited 413121314 41 312 1314
Mercantile Bank Limited 415151617 41 515 1617
Mutual Trust Bank Limited 418181920 41 818 1920
National Bank Limited 412223456 41 222 3456
NCC Bank Limited 417654321 41 765 4321
One Bank Limited 419012347 41 901 2347
Premier Bank Limited 416543210 41 654 3210
Prime Bank Limited 412345670 41 234 5670
Pubali Bank Limited 160123457 16 012 3457
South Bangla Agriculture and Commerce Bank Limited 415678903 41 567 8903
Southeast Bank Limited 418182122 41 818 2122
Standard Bank Limited 417654322 41 765 4322
State Bank of India 419012348 41 901 2348
Trust Bank Limited 416543211 41 654 3211
United Commercial Bank Limited 412345671 41 234 5671
Uttara Bank Limited 418182123 41 818 2123
Woori Bank 419012349 41 901 2349
Al-Arafah Islami Bank Limited 612345678 61 234 5678
Exim Bank Limited 619012345 61 901 2345
First Security Islami Bank Limited 615678901 61 567 8901
Global Islami Bank Limited 617891011 61 789 1011
Islami Bank Bangladesh Limited 612345679 61 234 5679
Shahjalal Islami Bank Limited 613121314 61 312 1314
Social Islami Bank Limited 615151617 61 515 1617
Union Bank Limited 618181920 61 818 1920
Padma Bank Limited 712345678 71 234 5678
NRB Bank Limited 719012345 71 901 2345
The Premier Bank Limited 715678901 71 567 8901
Midland Bank Limited 717891011 71 789 1011
Dhaka Bank Limited 712345679 71 234 5679
NRBC Bank Limited 713121314 71 312 1314
Meghna Bank Limited 715151617 71 515 1617
Modhumoti Bank Limited 718181920 71 818 1920
bKash Limited (MFS) 180011122 18 001 1122
Rocket (MFS) 189873456 18 987 3456
Nagad (MFS) 187654321 18 765 4321
Upay (MFS) 182223456 18 222 3456
SureCash (MFS) 185678901 18 567 8901
MyMoney (MFS) 187891011 18 789 1011
CashLink (MFS) 183121314 18 312 1314
Eko (MFS) 185151617 18 515 1617
mPay (MFS) 188181920 18 818 1920

Frequently Asked Questions (FAQs) on Bangladesh Electronic Fund Transfer Network (BEFTN)

Q1: What is the purpose of a BEFTN routing number?

A1: The BEFTN routing number is a unique nine-digit code assigned to each bank or financial institution participating in the BEFTN network. Its primary purpose is to accurately identify and route electronic fund transfers to the intended recipient bank or financial institution within the BEFTN system.

Q2: How can I find the BEFTN routing number for my bank?

A2: You can find the BEFTN routing number for your bank or financial institution through the following channels:

Check your bank’s official website or visit a physical branch location, as routing numbers are typically displayed prominently. Contact your bank’s customer service representatives and inquire about your BEFTN routing number. Consult Bangladesh Bank’s official resources and publications, which may provide limited routing number information.

Q3: Are BEFTN routing numbers subject to change?

A3: Yes, BEFTN routing numbers can change over time. As new financial institutions join the network or existing ones undergo changes, their routing numbers may be updated or revised. It is advisable to cross-check the routing number with your bank or financial institution before initiating any electronic fund transfer to ensure accuracy.

Q4: Can I use a BEFTN routing number for international fund transfers?

A4: No, BEFTN routing numbers are specific to the Bangladesh Electronic Fund Transfer Network and are used for domestic fund transfers within the country. For international fund transfers, you will need to provide the appropriate SWIFT code or other required information according to the recipient bank’s guidelines.

Q5: What are the consequences of using an incorrect BEFTN routing number?

A5: Using an incorrect BEFTN routing number can lead to delays or misdirected fund transfers. In some cases, the transfer may be rejected entirely, causing inconvenience and potential financial losses. It is crucial to verify the routing number before initiating any electronic fund transfer to ensure the successful and timely delivery of funds.

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