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Bangladesh Bank lifts cap on remittance through online banking

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

Update : 04 Jul 2022, 06:25 PM

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.

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