BIRT system is an nation wide funds transfer system to facilitate transfer from one bank branch to any other bank branch. BIRT facilitates transfer of funds from one individuals to other individual, one institution to other institution, one institution to one individual.
It is a mode of electronic funds transfer from one bank account to another bank account. Customer can remit money to any branch of any bank within the country through BIRT.
The BIRT system support three types of services:
Charges for BIRT Transactions
As per the directives by Royal Monetary Authority of Bhutan, following Charges shall be recovered on BIRT transactions within Bhutan with effect from 1st July 2014.
|BIRT Charges(with effect from 1st July 2014)|
|A||Inward BIRFT (Receipt through BIRT)||Free of Charge|
|B||Outward BIRT (Remittance through BIRT)|
|1||Upto Nu. 50,000.00||Free of Charge|
|2||Above Nu. 50,001.00 to Nu. 100,000.00||Nu. 15.00|
|3||Above Nu. 100,000.00 to Nu. 1,000,000.00||Nu. 20.00|
|4||Above Nu. 1 Million||Nu.50.00|