Central bank increases limit of mobile banking transaction | 2019-05-19 | daily-sun.com

Central bank increases limit of mobile banking transaction

Sun Online Desk

19th May, 2019 10:00:33 printer

Central bank increases limit of mobile banking transaction

Bangladesh Bank, the central bank of the country, has enhanced the ceiling on mobile financial service (MFS).

The central bank in a circular to the managing directors and CEOs of MFS provider banks and subsidiaries made the provisions effective immediately.

According to circular of the central bank, from now, the limit of cash-in or submission has been increased to Tk 30,000 through five transactions a day and Tk 200,000 through 25 transactions a month now.

The daily cash-out limit also uplifted to Tk 25,000 and monthly ceiling to Tk 1.50 lakh which was previously was Tk 10,000 daily and Tk 50,000 monthly.

One can withdraw money from the account for five times a day which was only two previously.


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