Bangladesh Bank has re-fixed the Mobile Financial Service (MFS) transaction limit, reports UNB.
The Payment System Department (PSD) of the central bank issued a circular in this regard on Thursday (Mar 27).
According to the circular, the central bank set a new daily cash in limit for agent points at Tk 50, 000, instead of Tk 30, 000. The monthly cash in limit was extended to Tk3,00, 000 from Tk 2,00,000.
The cash-out limit for agent points has also been extended to Tk30,000 from Tk25,000 in one day. The monthly cash out limit has also been extended to Tk 2,00,000 from Tk 1,50,000.
The person-to-person (P2P) money transfer daily money transfer limit has been extended to Tk 50,000 from Tk 25,000. The monthly P2P transfer limit is re-fixed at Tk 3,00,000 from Tk 2,00,000.
The circular stated that the MFSs can reduce the transaction limit in considering the risk assessment of clients.
The decision will be effective immediately, said the central bank.
Bd-Pratidin English/ AM
