Digital banking in Bangladesh has transformed rapidly over the last decade. Sending money from one bank to another has become easier than ever — thanks to NPSB (National Payment Switch Bangladesh). If you want to understand how NPSB works, which banks support NPSB, and how to transfer money safely, this article covers everything in a simple, human-friendly way.
This complete guide on the NPSB Bank List Bangladesh will help you understand the full process step by step.
What Is NPSB?
NPSB, or National Payment Switch Bangladesh, is a digital interbank transaction system introduced by the Bangladesh Bank.
It allows customers to transfer money instantly between different banks inside the country.
Why NPSB Matters
✔ Instant fund transfer
✔ Works 24/7
✔ Safe and monitored by the Bangladesh Bank
✔ Lower transaction charges
✔ Supports mobile banking apps, ATM, and internet banking
NPSB basically connects one bank to another, so users can transfer money without waiting for hours or days.
NPSB Bank List Bangladesh (Updated Overview)
Most major commercial banks in Bangladesh are connected with the NPSB network. The exact list may change over time, but here is a comprehensive, updated coverage of banks commonly known to support NPSB transactions.
Private Commercial Banks Supporting NPSB
✔ BRAC Bank
✔ Dutch-Bangla Bank (DBBL)
✔ City Bank
✔ Eastern Bank Limited (EBL)
✔ Bank Asia
✔ Prime Bank
✔ Islami Bank Bangladesh
✔ Social Islami Bank (SIBL)
✔ United Commercial Bank (UCB)
✔ Mercantile Bank
✔ Midland Bank
✔ Standard Bank
✔ Southeast Bank
✔ IFIC Bank
✔ NRB Commercial Bank
✔ One Bank
✔ AB Bank
✔ Trust Bank
✔ Jamuna Bank
Government Banks Supporting NPSB
✔ Sonali Bank
✔ Agrani Bank
✔ Janata Bank
✔ Rupali Bank
Specialized & Other Banks Supporting NPSB
✔ Bangladesh Krishi Bank
✔ Rajshahi Krishi Unnayan Bank (RAKUB)
✔ Exim Bank
✔ Pubali Bank
✔ Uttara Bank
✔ Shahjalal Islami Bank
This list gives you a complete idea of the major institutions connected to the NPSB Bank List Bangladesh ecosystem.
How NPSB Transfers Work
NPSB transfers happen through a central system controlled by the Bangladesh Bank. Whenever you send money from one bank app to another, NPSB verifies and processes the transaction instantly.
How It Works (Simple Steps)
✔ You open your bank’s mobile app or visit an ATM.
✔ Choose the NPSB Fund Transfer option.
✔ Select the receiving bank (must be in the NPSB Bank List Bangladesh).
✔ Enter recipient account number.
✔ Confirm details and proceed.
✔ Money reaches the other account within seconds.
Advantages of Using NPSB Transfer
✔ Faster Transactions: Transfers are instant — usually within 10–20 seconds.
✔ Available 24/7: No need to wait for banking hours.
✔ Low Charge: Transfers often cost 5–20 taka, depending on the bank.
✔ Nationwide Coverage: Most banks under the NPSB Bank List in Bangladesh support outgoing & incoming transfers.
✔ Completely Safe: All transfers are monitored by the Bangladesh Bank’s secure switching system.
How to Send Money Using NPSB – Step-by-Step Guide
Below is a universal process. The interface may differ slightly depending on your bank’s app.
Step 1: Open Your Bank’s Mobile App: Examples: BRAC Bank Astha, DBBL NexusPay, EBL SkyBanking, City Touch, Bank Asia Smart App.
Step 2: Select “Fund Transfer”: There, you will find options:
✔ NPSB Transfer (Choose NPSB Transfer)
✔ EFT
✔ RTGS
Step 3: Select Receiving Bank: Make sure the receiving bank is included in the NPSB Bank List Bangladesh.
Step 4: Enter Recipient Details
✔ Account number
✔ Name
✔ Branch (optional in many apps)
✔ Amount
Step 5: Review & Confirm: Double-check the account number before you tap confirm.
Step 6: Transaction Complete: Money arrives instantly. A confirmation SMS is usually sent by both banks.
NPSB Transfer Limits in Bangladesh
Transfer limits vary from bank to bank, but most follow:
✔ Minimum transfer: 100 BDT
✔ Maximum per transaction: 50,000–200,000 BDT
✔ Daily limit: 200,000–500,000 BDT
✔ Monthly limit: Depends on your bank
NPSB Transfer Charges
✔ Some banks charge 10–20 taka per transaction
✔ Some offer free NPSB transfers to promote digital payments
✔ ATM-based NPSB transfers can cost slightly more
Difference Between NPSB, EFT, and RTGS
✔ Instant
✔ Low amount
✔ 24/7 availability
✔ Ideal for quick daily transfers
EFT (Electronic Fund Transfer)
✔ Free or very low cost
✔ Takes several hours
✔ Suitable for salary or scheduled payments
RTGS (Real-Time Gross Settlement)
✔ Used for high-value transfers
✔ Minimum amount usually 1 lakh+
✔ Real-time, but only in banking hours
Is NPSB Safe?
✔ Yes. NPSB is supervised directly by the Bangladesh Bank, which uses encrypted communication and secure switching technology.
✔ Banks also follow strict KYC & AML policies to avoid fraud.
✔ As long as you double-check account numbers and never share OTP, NPSB transfers are very safe.
Problems You May Face During NPSB Transfer
✔ Transaction Failed: Happens when the server is busy or the bank is temporarily offline.
✔ Money Debited but Not Credited: In rare cases, money may take longer to settle. Banks usually reverse or settle within a few hours.
✔ Wrong Account Transfer: Banks cannot reverse if the transfer was correct but mistakenly sent to the wrong person. Always double-check!
✔ Limit Exceeded: Daily or monthly transfer limits may be reached.
Conclusion
Understanding the NPSB Bank List in Bangladesh and the entire NPSB transfer system can truly simplify your banking experience in the country. The National Payment Switch Bangladesh (NPSB) ensures that you can send and receive money instantly across different banks, eliminating the usual delays associated with traditional banking. With its 24/7 availability, low transaction costs, and secure infrastructure, NPSB has emerged as the most convenient and reliable interbank transfer platform for individuals and businesses alike.
Whether you are a business owner managing multiple client payments, a salaried professional sending funds to family, a student paying tuition fees, or an entrepreneur handling supplier transactions, NPSB provides fast, seamless, and secure access to nationwide banking. Its widespread network, encompassing almost all major private and government banks, guarantees that your money reaches the intended recipient safely and instantly. By being aware of the banks included in the NPSB Bank List Bangladesh, you can ensure that every transaction is smooth, hassle-free, and traceable.
Moreover, NPSB not only enhances speed but also increases financial transparency, helping users track their payments and maintain accurate financial records. The system’s integration with mobile banking apps, internet banking, and ATMs makes it accessible to everyone, regardless of technical knowledge. In today’s digital age, being familiar with NPSB and actively using it can save time, reduce transaction costs, and provide peace of mind knowing that your money is secure.
So, if your bank is part of the NPSB Bank List Bangladesh, you are equipped with one of the most efficient and dependable ways to handle all your interbank financial needs. Embracing NPSB transfers means embracing speed, convenience, and security — making your banking experience in Bangladesh simpler, smarter, and more effective than ever before.