BB gradually raising cash withdrawal limit

Bangladesh Bank is gradually increasing cash-withdrawal limits to restore normalcy in the banking sector.

This move aims to strike a balance between public demand and financial stability, reports UNB.

In the latest update, Bangladesh Bank raised the cash withdrawal limit to Tk 0.5 million per account this week, up from Tk 0.4 million the previous week.

This progressive adjustment follows earlier limits of Tk 0.3 million, Tk 0.2 million, and Tk 0.1 million in the preceding weeks.

The adjustments began as the interim government took charge on August 8.

However, concerns remain about the secure transportation of cash and the risk of individuals potentially destabilizing the banking sector by withdrawing large sums. To mitigate these risks, Bangladesh Bank continues to impose and gradually adjust withdrawal limits.