Starting from Sunday, the Bangladesh Bank has set a new cash withdrawal limit of Tk 300,000 via cheques, up from the previous limit of Tk 200,000.
The decision was communicated to all commercial banks on Saturday, with the central bank directing strict adherence to the new limit for security reasons.
This follows the interim government's directive for banking and financial sector reforms after the fall of the previous government on Aug 5.
Earlier, on Aug 8, the interim government imposed stricter controls, limiting cheque withdrawals to Tk 100,000.
Last week's directive had raised this limit to Tk 200,000.
The central bank has also advised banks to halt transactions if there is any suspicion involved.
Despite the cheque withdrawal limit, digital transactions remain unrestricted, allowing for any amount to be transferred electronically.
Bank officials reported an increase in withdrawals by politicians, businessmen, and officials after the change in power on Aug 5. This prompted Bangladesh Bank's Banking Regulation and Policy Department to implement the latest controls. —bdnews24.com
