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BB extends limit of MFS transactions

Published: May 19, 2019 20:18:12 | Updated: May 20, 2019 11:51:44


Bangladesh Bank has extended the limit of transactions through mobile financial service (MFS) giving the customers the option to transact double the money they were allowed in almost all sorts of transactions.

The central bank issued a circular on Sunday announcing the decision of extending the amount and frequency of transactions both on cash-in and cash-out at individual level, reports bdnews24.com.

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.

They were allowed to submit maximum Tk 15,000 through two transactions a day and Tk 100,000 through 20 transactions a month.

For withdrawal or cash-out, the limit has been set at Tk 25,000 through five transactions a day and Tk 150,000 through 20 transactions a month.

The previously set withdrawal caps were Tk 10,000 through two transactions a day and Tk 50,000 through 20 transactions a month.

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