One account for one service per person


Bangladesh Bank on Wednesday has re-fixed the ceiling of the mobile banking transactions for checking any abuse of the service.

According to the new rule, a person can give Taka 15,000 maximum each day from now and the transaction will be twice every day while the limit was Taka 25,000 per day in five times.

The circular said such steps have been taken to ensure disciplined mobile banking service.

Bangladesh Bank’s payment systems department issued a circular in this regard on Wednesday.

For withdrawing cash of Tk 5,000 and over, the receiver must show proper verification – national identity card or its photocopy – to the mobile banking agent before withdrawal, the circular said.