BB raises mobile banking transaction limit

Staff Reporter :
Bangladesh Bank on Sunday raised the person to person mobile banking transaction limit to help people transfer money with ease during the countrywide seven-day lockdown starting from today.
It has raised the monthly transaction limit to Tk 2 lakh from Tk 75,000 and omitted the fees for transactions up to Tk 40,000. However, it has set the highest limit for each transaction at Tk 10,000.
The banking watchdog introduced the changes through a notice today, which will be applicable on
bKash, Nagad and Rocket and different offers launched by the three mobile financial service providers.
However, they are given go-ahead to provide additional benefits under different campaigns if they want.
The central bank has also ordered the authorities concerned to ensure that internet banking services are active round the clock, automated teller machines have enough money and hygiene is properly maintained.