Bangladesh Bank lifts cap on remittance through online banking

Bangladesh Bank on Sunday said that the ceiling on fund transfers through internet banking would not be applicable for remittance.

Clients are allowed to transfer a maximum of Tk10 lakh per day through internet banking.

The central bank also permitted clients to transfer Tk3 lakh with a single transaction.

The central bank significantly increased the transaction ceiling in June last year as a part of its efforts to boost digital banking.

However, it did not clarify the maximum ceiling on fund transfers through internet banking for remittance.

A central bank official said the latest notice clarified that such a ceiling would not be applicable for remitters.