Cash withdrawal limit from banks raised to Tk 3 lakh per day: Bangladesh Bank
UNB
Publish: 18 Aug 2024, 01:19 PM
Dhaka, Aug 17 (UNB)-Bangladesh Bank (BB) in an instruction stated that
no more than Tk3.0 lakh cash can be withdrawn from a bank account in a day due
to security reasons.
The financial sector
regulator has given a Short Message Service (SMS) to the Managing Directors
(MDs) and Chief Executive Officers (CEOs) of banks and informed this decision
this night (Saturday), which will be applicable until further notice.
According to the
instructions, even if a customer cannot withdraw more than Tk 3 lakhs in cash,
they can transfer any amount to another account and do digital transactions.
After the change of Sheikh
Hasina's government on August 5, the pressure of cash withdrawal increased
slightly. The pressure to withdraw cash is seen especially from pro-Awami
League politicians and business families.
As a result, the central
bank has decided to discourage the withdrawal of cash so that these funds are
not used in any way for terrorist or illegal activities.
Earlier on August 10, the
BB said that no more than Tk2.0 cash could be withdrawn from the account last
week. Before that, on August 8, the customer could not withdraw more than Tk1.0
lakh cash for one day.
END/UNB/AI/ssk