Bangladesh Bank has lifted a limit on cash withdrawals from banks in view of overall improvements in law and order. Cash withdrawal restrictions will no longer be applicable from Sunday (Sep 8) onwards, Customers will be able to withdraw any amount of funds from Sunday, said central bank Executive Director and Spokesperson Md Mezbaul Haque, local media reported.
The relaxation comes a month after the central bank imposed the restriction amidst a deterioration in law and order.
The central bank on Aug 7 asked banks to limit daily cash withdrawals to Taka one lakh per account. Since then, it has been gradually relaxing the cap.
Last week, customers were barred from withdrawing over Tk 5 lakh a day per account.
The withdrawal limit was Tk 4 lakh on the previous week.
