• Thursday, Jul 18, 2019
  • Last Update : 08:47 am

40 paisa charge to check account balance

  • Published at 11:36 pm June 17th, 2019
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A directive by the Bangladesh Telecommunication Regulatory Commission (BTRC) was issued on June 13 regarding charge

40 paisa will be charged for looking up account balances on all mobile financial services (MFS), including bKash, Rocket, Nagad and Ucash.

A directive by the Bangladesh Telecommunication Regulatory Commission (BTRC) was issued on June 13regarding the fee charge.

Shahed Alam, chief corporate and regulatory officer for Robi Axiata, said: “We welcome the comprehensive combined directive on Mobile Financial Services (MFS). Our long-standing demand for the introduction of session-based charging is finally going to be incorporated after a 4-year long discussion and consent of the Bangladesh Bank, BTRC, and MFS.

“Customers need not worry about any additional charges due to this directive since such charges are going to be paid by MFS providers to mobile operators. These charges were part of the pricing mechanism devised by MFS operators from the very beginning of the industry.” 

Every transaction, balance checking, or statement will be counted as a session and the duration of such sessions will be 90 seconds. For each session, comprising of two text messages, telecom operators will receive Tk0.85, according to the telecom regulator’s directive.