Bangladesh Bank raises maximum cash withdrawal limit to Tk2 lakh
UNB
Publish: 11 Aug 2024, 11:10 AM
Dhaka,
Aug 11 (UNB)-A bank account holder can withdraw cash up to two lakh taka a day
for this week given the current security situation, according to a Bangladesh
Bank circular.
The central bank issued
the instruction to the MDs of all commercial banks through SMS on Saturday. It
will be effective from Sunday, the first working day of the week.
Earlier on Thursday the
maximum cash withdrawal limit was set at one lakh taka.
However, businesspeople
can draw larger amount of cash for payment of salaries of employees ensuring
security on their own, said the circular. The same is applicable for the
expatriates.
The central bank also
asked banks to supervise that a person cannot withdraw money from multiple
branches of banks in a day. This directive should be followed especially in the
case of key political leaders.
On Thursday, the
Bangladesh Financial Intelligence Unit (BFIU) under the BB was ordered to
report any amount of money withdrawn by a politically important person. The
names of political leaders, bank chairmen, businessmen, secretaries, and senior
police officers are on this list. Such instruction is given mainly to prevent
any person from withdrawing money for criminal activity or escaping from the
country.
END/UNB/AI/F