Dhaka, Feb. 8 -- Bangladesh Bank has directed all scheduled banks and mobile financial service (MFS) providers to suspend internet banking fund transfer (IBFT) transactions through the National Payment Switch Bangladesh (NPSB) for 96 hours ahead of the national election.

The central bank, however, said MFS operations will continue on a limited scale during the period, allowing essential transactions while the temporary restriction on IBFT remains in place as part of election-time precautionary measures.

According to the central bank's directive issued on Sunday, the restrictions will take effect from 12:00am Monday night and remain in force until 11:59pm Thursday.

During this period, all NPSB-based peer-to-peer (P2P) internet banking t...