BEFTN Bank Branch Routing number
| SONALI BANK LTD., MAGURA BRANCH, 200550550 | |
| Bank name | SONALI BANK LTD. |
| Branch Name |
MAGURA |
| BEFTN Bank Branch Routing Number | 200550550 |
| Bank Code | 200 |
| Branch name and Branch code | MAGURA(055) |
| District | MAGURA |
| Country | BANGLADESH |
*Working hours vary.
*The BEFTN Bank Branch Routing Number information presented above is for reference only. Please verify BEFTN Bank Branch Routing Number details before initiating any transaction!
200550550 is the BEFTN Bank Branch Routing Number for MAGURA branch of SONALI BANK LTD. located in MAGURA District.
BEFTN (Bangladesh Electronic Funds Transfer Network) facilitates the transmission of payments between the banks electronically, which makes it faster and efficient means of inter-bank clearing over the existing paper-based system i.e. BACPS. It is able to handle a wide variety of credit transfers such as payroll, foreign and domestic remittances, social security, company dividends, retirement, expense reimbursement, bill payments, corporate payments, government tax payments, social security payments and person to person payments. The system could handle debit transfers such as mortgage payments, loan payments, insurance premiums, utility bill payments, government tax payments, government licenses and fees.
Between the banks electronically, which makes it a faster and more efficient means of inter-bank clearing over the existing paper-based system i.e. BACPS. It can handle a wide variety of credit transfers such as payroll, foreign and domestic remittances, social security, company dividends, retirement, expense reimbursement, bill payments, corporate payments, government tax payments, social security payments, and person-to-person payments. The system could handle debit transfers such as mortgage payments, loan payments, insurance premiums, utility bill payments, government tax payments, government licenses, and fees.