MFS transaction limit refixed: Daily maximum cash in Tk50,000, cash out Tk30,000
The Payment Systems Department of the Bangladesh Bank on Thursday (27 March)
Highlights
- Daily maximum cash in Tk50,000, cash out Tk30,000
- Monthly cash in limit Tk3 lakh, cash out limit Tk2 lakh
- Maximum balance Tk5 lakh
- No limit on transaction numbers
Bangladesh Bank has re-fixed the transaction limit for mobile financial service (MFS) providers such as bKash, Rocket, and Nagad, allowing users to cash in, cash out, and transfer more money than before.
The Payment Systems Department of the Bangladesh Bank issued new directives to this end today (27 March).
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The directives state that from now on, a maximum of Tk50,000 can be cashed in daily from agent points to personal accounts, which was earlier Tk30,000.
The monthly cash in limit has also been increased from Tk2 lakh to Tk3 lakh.
Similarly, the cash-out limit has also been increased.
Earlier, the maximum daily cash-out limit for an individual account from agent points was Tk25,000, which has now been increased to Tk30,000.
The monthly cash out limit has been increased from Tk1.5 lakh to Tk2 lakh.
Additionally, MFS users can now maintain a maximum balance of Tk5 lakh, whereas earlier the limit was Tk3 lakh.
In the new guidelines, the limit on the number of transactions in MFS has also been withdrawn. That is, from now on, customers will be able to make as many transactions as they want.
However, Bangladesh Bank has said that MFS institutions will be able to set these limits considering their own risks.
