Regulatory Alerts2022-07-05
Added
PSD Circular No. 11: Regarding Re-fixation of Mobile Financial Services (MFS) Transaction Limit
The Payment Systems Department re-fixes the transaction limits for transfers from Mobile Financial Services (MFS) accounts to bank accounts. The new daily limit is set at 50,000 BDT with no applicable transaction count, and the monthly limit is set at 300,000 BDT. These directives apply to all MFS providers operating in Bangladesh and take effect immediately, while other instructions from PSD Circular No. 06/2022 remain unchanged.
Payment Systems Department Bangladesh Bank Head Office Dhaka. 05 July, 2022 PSD Circular No. - 11/2022 Date: ------------------------ 21 Asharh, 1429 Managing Director / Chief Executive Officer All Mobile Financial Services (MFS) Providers operating in Bangladesh Dear Sir, Regarding Re-fixation of Mobile Financial Services (MFS) Transaction Limits. In continuation of PSD Circular No. 06/2022 issued by the Payment Systems Department on 25/04/2022 on the above subject, the transaction limits for transfers from Mobile Financial Services (MFS) accounts to bank accounts are hereby determined as follows:
- Furthermore, other instructions contained in PSD Circular No. 06/2022 issued on 25/04/2022 shall remain unchanged.
This directive shall take effect immediately.
Yours faithfully, (Muhammad Baduzzaman Dider) Director (PSD) Phone: 02-9530611
Sr. No: Services Basis of Transaction Limit (Maximum) Total Amount (BDT) (1) MFS Account to Bank Transfer (Bank Account) Daily Not Applicable 50,000/- Monthly 3,00,000/-