News update
  • Dhaka Urges Clear Outcome from Upcoming Rohingya Talks     |     
  • Khulna falls short of jute output target for lack of incentives     |     
  • UNRWA Report on the Humanitarian Crisis in Gaza & West Bank     |     
  • Rail link with Khulna cut off as train derails in Chuadanga     |     
  • 3 killed, 10 injured in Pabna Bus-truck collision     |     
  1. Home
  2. Banking
  3. BB re-fixes MFS transaction limit

BB re-fixes MFS transaction limit

GreenWatch Desk Banking 2022-07-05, 6:07pm

bb-21ad0bd836b90d08f4cf640b4c298e7c1657022854.jpg




Bangladesh Bank (BB) has re-fixed the limits on daily and monthly transactions from Mobile Financial Services (MFS) accounts to bank accounts.

From now on, people will be able to make daily transactions of up to Taka 50,000 and up to Taka 3,00,000 monthly from MFS to bank accounts, as per a BB circular issued today, reports BSS.

Earlier, there was no limit fixed by the central bank which created confusion among the MFS providers like bKash, and Nagad.

So, in the past MFS service providers did not allow transactions above Tk25,000 daily.

The other instructions on MFS will remain unchanged, the circular added.