Cash withdrawal limit from banks raised to Tk3 lakh per day: Bangladesh Bank
Even if a customer cannot withdraw more than Tk 3 lakh in cash, they can transfer any amount to another account and do digital transactions
Bangladesh Bank (BB), in an instruction, stated that no more than Tk3 lakh cash can be withdrawn from a bank account in a day due to security reasons.
The financial sector regulator has given a Short Message Service (SMS) to the Managing Directors (MDs) and Chief Executive Officers (CEOs) of banks and informed this decision Saturday night (17 August), which will be applicable until further notice.
According to the instructions, even if a customer cannot withdraw more than Tk3 lakh in cash, they can transfer any amount to another account and do digital transactions.
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After the change of Sheikh Hasina's government on 5 August, the pressure of cash withdrawal increased slightly.
The pressure to withdraw cash is seen especially from pro-Awami League politicians and business families.
As a result, the central bank has decided to discourage the withdrawal of cash so that these funds are not used in any way for terrorist or illegal activities.
Earlier on 10 August, the BB said that no more than Tk2 lakh cash could be withdrawn from the account last week.
Before that, on 8 August, the customer could not withdraw more than Tk1 lakh cash for one day.
