BB raises limit to Tk 400K

The Bangladesh Bank (BB) has ordered commercial banks not to allow cash withdrawals of more than Tk 400 thousand (4 lakh) per account daily.

Earlier, the limit was Tk 300 thousand (3 lakh).

The central bank has hiked the limit once in each of the previous three weeks, which it imposed after the deterioration of the law and order and overall security situation in the country since the fall of the Awami League government on August 5.

Initially, the BB slapped the restriction on withdrawal of over Tk 100 thousand (1 lakh) as banks were facing challenges with transferring cash from one place to another.