B Mirror Desk : The Bangladesh Bank has increased the transaction limits for mobile financial service (MFS) providers like bKash, Rocket, and Nagad just before Eid-ul-Fitr, a time when people usually spend more money. The central bank announced this change yesterday.

According to the new rules, MFS account holders can now deposit up to Tk.50,000 each day through an agent, which is an increase from the previous limit of Tk.30,000. The monthly cash-in limit through agents has also gone up to Tk.3 lakh from Tk.2 lakh.

For cash-outs through agents, the daily limit has been raised to Tk.30,000 from Tk.25,000, and the monthly limit is now Tk.2 lakh, up from Tk.1.5 lakh. However, the limits for transactions using bank accounts and cards have not changed. The maximum cash-in limit remains at Tk.50,000 per day and Tk.3 lakh per month, while the cash-out limit stays the same at Tk.50,000 daily and Tk.3 lakh monthly.

For person-to-person (P2P) transactions, MFS users can now send up to Tk.50,000 each day, which is double the old limit of Tk.25,000. The monthly transfer limit has also increased to Tk.3 lakh from Tk.2 lakh. Additionally, the maximum balance that an MFS account can hold has been raised to Tk.5 lakh from Tk.3 lakh.

“This initiative to increase limits on cash-in, cash-out, and P2P transactions will promote a greater shift towards cashless transactions and enhance customer trust. We appreciate this timely action by Bangladesh Bank,” he remarked.