Business

BB re-fixes MFS transaction limit


By BSS
Published : 05 Jul 2022 08:29 PM

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 on Tuesday.

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.