No ceiling on remittance thru internet banking

Bangladesh Bank yesterday said the ceiling on fund transfers through internet banking would not be applicable for remittance.

Clients are allowed to transfer a maximum of Tk 10 lakh per day through internet banking.

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The central bank also permitted clients to transfer Tk 3 lakh with a single transaction.

Bangladesh Bank significantly increased the transaction ceiling in June last year as a part of its efforts to boost digital banking.

However, it did not clarify the maximum ceiling on fund transfers through internet banking for remittance.

A central bank official said the latest notice clarified that such a ceiling would not be applicable for remitters.