Regulatory Alerts2024-12-29
Added · Updated
Circular dated December 29, 2024 regarding increasing the maximum limits for dealing in financial inclusion accounts
The Central Bank of Egypt increases the maximum daily and monthly transaction limits for financial inclusion accounts. For natural persons and Category B micro-enterprises, the daily limit rises to 90,000 EGP and the monthly limit to 300,000 EGP. For Category A micro-enterprises, the daily limit rises to 120,000 EGP and the monthly limit to 600,000 EGP. Bank-determined maximum account balances remain unchanged, as do limits for prepaid cards and mobile payment services.