According to the new caps rolled out on Sunday, the limit for cash-in or submission has been increased to Tk 30,000, which has to be done through five transactions a day, and Tk 200,000 through 25 transactions a month now.
Customers were earlier allowed to submit a maximum of Tk 15,000 through two transactions a day and Tk 100,000 through 20 transactions a month.
For withdrawal, the limit has been set at Tk 25,000 through five transactions a day and Tk 150,000 through 20 transactions a month.
The previously set withdrawal caps were Tk 10,000 through two transactions a day and Tk 50,000 through 20 transactions a month.
For person-to-person transactions, the limits are Tk 25,000 a day and Tk 75,000 a month.
The caps were Tk 10,000 a day and Tk 75,000 a month until now.
In a circular, the central bank increased the caps on mobile financial services, considering the fact that the services are playing a significant role in the expansion of new sectors like distribution of remittance and salary, and e-commerce.
The MFS providers in Bangladesh, including bKash and Rocket, have over 60 million accounts. bKash boasts almost half of them.