Mobile banking users across the country will not be allowed to deposit more than Tk3 lakh in their mobile wallets including bKash, Ucash, Mcash and Rocket from the first day of 2018.
Bangladesh Bank has issued a circular in this regard on Monday.
As of now, customers can deposit up to Tk 1 lakh per month while they are allowed to deposit maximum Tk30,000 per day by performing two separate transactions.
On the flip side, a customer can withdraw up to Tk50,000 per month and Tk10,000 on a given day.
Currently, there are more than three crore active mobile banking accounts across the country while the number of the registered users is more than five crore.
In October, transactions worth Tk21,549 crore were performed through mobile banking accounts in Bangladesh.
The article was first published in Bangla Tribune