Withdrawal Limit from ATM Extended to Tk1 Lakh amid Curb

Bangladesh Bank on Monday extended the withdrawal limit from ATM booths to Tk1 lakh as all financial institutions including banks will remain shut during the weeklong strict curb.

In a circular, on Monday the central bank said banks should take necessary steps to ensure availability of funds in the ATMs during a weeklong stricter curb that starts from Wednesday, reports media.

The directive will remain in effect from April 14 to April 21, which also said that ATMS and mobile financial services (MFS) will remain operational during the strict restrictions to provide cash as per the demand of the general public.

The central bank also asked the lenders to keep adequate cash and internet services at their ATM booths to ensure uninterrupted service to their clients.

The previous limit was Tk50,000 even a day ago.

The Bangladesh Bank said that MFS will also be operational amid the curb period as an essential service.

Health guidelines should be maintained in case of providing the services, as per a BB notice issued on Monday.