Mobile banking banned till 5pm tomorrow

Bangladesh Bank has banned all kinds of transactions through mobile banking till 5:00pm tomorrow.

The central bank in a press release this afternoon said the restriction would take effect immediately.

Earlier in the day, the BB in another press release said the transaction limit through mobile financial services has been restricted to Tk 1,000 only.

“BB made the decision due to the city corporation elections to be held tomorrow,” Mahfuzur Rahman, executive director of the BB, told The Daily Star.

The usual transaction limit set by the BB for account holders of mobile financial services is maximum Tk 10,000 a day and a total of Tk 25,000 a month.

In a separate statement, the Bangladesh Bank said all the banks and financial institutions in the election areas will remain closed tomorrow to allow the employees to cast their votes in the city elections.