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Friday, February 3, 2012

Bangladesh Finance Ministry opens Electronic Fund Transfer

Electronic Fund Transfer (ETF) was introduced in
the Ministry of Finance Wednesday as part of its financial
service automation.
According to the ministry sources, monthly salary of the
officers and staffs of Finance Division and Banking Division
under the Ministry of Finance has been transferred to their
respective bank accounts using Integrated Budget and
Accounting System (iBAS) and Bangladesh Electronic Fund
Transfer Network (BEFTN).
Deepening Medium Term Budget Framework and
Strengthening Financial Accountability Project under Finance
Division is providing technical support in automation of the
financial service, sources added.
Initiatives have been taken to expand Electronic Fund
Transfer for other government offices of Dhaka city and
divisional cities across the country within next six months.

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