Mobile banking transaction limit increased
Published: 10:35 PM, 19 May 2019 Updated: 10:35 PM, 19 May 2019
Bangladesh Bank today enhanced the transaction ceiling for mobile financial service following requests from the leading players aiming to promote the expansion of the services.
The move came two and a half years after the central bank lowered the ceiling, saying that the facility was being abused.
From now, the maximum amount of Tk 30,000 can be deposited into an MFS account each day and Tk 2 lakh monthly which is double from the existing amount of Tk 15,000 and Tk 1 lakh respectively, according to circular of the central bank.
The number of daily cash-in transaction for an individual improved to five from existing two and monthly transaction number 25 from existing 20 times.
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.
A person can withdraw money from the account for five times a day which was only two previously. MFS users also get relaxed dealings and can cash-out 20 times monthly, was only 10 times previously.
However, the banking regulator hasn’t mentioned anything about the cash-out charge which cost 1.8 per cent.
- Shakib, Liton star as Tigers beat Windies
- Three countries went dark and no one knows why
- Egypt’s ousted president Morsi dies
- Don’t make pocket committee with opportunists: Quader
- 6 Most Surprising Mosques in Africa!
- Shakib enters 6000-run club in ODI
- EC made all measures for fair polls: EC secy
- Enough money in banks, not for looting: PM
- Tk 15,000 cr supplementary budget for current FY passed in JS
- Stand for a while to lose weight, how?
- Caribbeans set 322-run target for Tigers
- Extremists use religion to create fascism: Monirul
- BD female pilots become paragons for Congolese women
- Tariff Commission Act gets Cabinet nod
- Shakib turned Pooran after Lewis
- Impotent injection for rapist
- ‘Nani’ providing health care on cycle at 92
- Firemen at risk in service office
- Revenue will be billions below forecast: Huawei CEO
- Mother split child`s throat
- Public exam pass marks 40, no GPA 5
- Gayle falls for duck!
- Tigers won toss, bowl first
- Ex-Sonagazi OC Moazzem denied bail, sent to jail
- Innovation of artificial lungs by Mou-Akhi-Bipasha
- Rangpur city polluted than Dhaka, Cumilla in safe zone
- UN to adopt tougher policy against Myanmar
- No gas supply to Kawla, Zia Colony for 9hrs today
- Heat weave may continue
- Moazzem produced before Cyber Crime Tribunal
- All News »
- Apurba’s younger brother commits suicide
- Akash of N’ganj made Lamborghini!
- Uber driver’s slit-throat body found in Uttara
- Daraz joins hands with Visa
- Australia beat Pakistan by 41 runs
- Ramp up pressure on Myanmar
- Mila’s assistant threw acid at Sanjari’s private parts!
- Ex-Sonagazi OC Moazzem held
- Rohingyas leave camps, collect Bangladeshi passports
- Amitabh Bachchan`s Twitter Account Hacked
- Oil tanker collision in Chattogram port, closes vessels movement
- Building wall collapses after explosion in Shanir Akhra, kills 1
- Yuvraj Singh retires from all forms of cricket
- PM orders for professional skill based promotion of army men
- 8 children injured as ceiling of hospital caves in
- Myanmar buying weapons despite int’l arms embargoes
- Drug trader killed in Cumilla gunfight
- Finance Minister starts unveiling budget
- England wins beating Windies
- BGB man killed by lightning strike
- Class XI admission results published
- 2 students killed in Pabna road crash
- ‘Lack of harvesting laborers results of employment opportunities’
- Cop sues wife on charge of torture for dowry
- 53 children die in India from brain disease linked to lychee
- ‘Rohingya crisis may destabilise Asia if not resolved’
- JS budget session begins today
- Cigarette, bidi prices go up in Budget FY20
- Tk 5,23,190cr budget for FY20 unveils in Parliament
- College girl torched in Narsingdi, 1 held