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BB imposes restriction on mobile banking

Senior Reporter |
Inserted: 21:51, Wednesday 11 January 2017 || Updated: 16:22, Thursday 12 January 2017

BB imposes restriction on mobile banking - Business

Dhaka: Bangladesh Bank (BB), the central bank of the country, has imposed restriction on transactions through mobile banking fixing maximum deposit Tk 15,000 and draw Tk 10,000 per day.

Apart from this, a single account can be maintained against a single national identity card.

The central bank has already directed the authorities concerned to close all others accounts keeping an account against a national identity card.

Bangladesh Bank asked the all commercial bank to execute the directives issuing a gazette notification on Wednesday.

The central bank came up with the hard decision after the allegations were brought that share money is being distributed and money laundering is being taken place through mobile banking, particularly bKash.

According to the new directive of the central bank, maximum Tk 15,000 in a day and Tk 100,000 in a month can be deposited from an account.

In this connection, an account holder can deposit maximum two times in a day and 20 times in a month.

On the other hand, the account holder has to show photocopy of the national identity card or smart card during transactions more than Tk 5,000 and the agent has to collect number of the identity card.

The central bank also imposed restriction on cash withdrawal. Maximum Tk 10,000 per day and Tk 50,000 per month can be drawn as per the news directive.

An account holder can get chance to draw two times in a day and 10 times in a month, the notification added.

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