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BB increases mobile banking transaction ceiling

DHAKA, Bangladesh Bank (BB) has increased the

ceiling of mobile banking transactions for expediting the country's financial

activities.

For cash in, a person can give Taka 30,000 maximum each day from now on

and the transaction will be five times every day while the limit was Taka

15,000 per day and two transactions were permitted a day, according to a BB

circular issued here today.

Per month, a person can give maximum Taka 2 lakh at a maximum delivery

of 25 times. Previously, the cashin amount was set at maximum Taka 1 lakh

per month.

For cashout, one person can withdraw maximum Taka 25,000 per day at

maximum five times daily. The maximum withdrawal per month is Taka 1.50 lakh

in 10 takes.

Previously, the cashout limit from agent was Taka 10,000 twice daily

and Taka 50 thousand per month at a maximum of 10 takes.

For withdrawing cash of Taka 5,000 and over, the receiver must show

proper verification � national identity card or its photocopy � to the

mobile banking agent.

Source: Bangladesh Sangbad Sangstha (BSS)