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BB announces special waivers to tackle Covid-19

BB announces special waivers to tackle Covid-19

The Bangladesh Bank (BB) on Thursday (Mar 19) announced special waivers for urgent shopping using mobile financial services (MFS) and debit/credit cards in the wake of growing concern over the coronavirus (Covid-19) pandemic.

Under the facility, no charge is required for purchasing medicine and other essential commodities using MFS (bKash, Nagad, Rocket etc.) and debit/credit cards.

Besides, the central bank also raised the ceiling of transaction for purchasing essential commodities, according to a circular of BB.

Now, anyone could make daily highest transaction of Tk. 15,000 and it would be highest Tk. 100,000 in a month through credit/debit cards inside the country without any charge.

On the other hand, MFS users (P-to-P) would not be charged for transaction for urgent shopping. Ceiling of this transaction has been raised to Tk. 200,000 from Tk. 75,000 monthly. In addition, no charge would be required for cash out of Tk. 1,000 daily at a time.

The circular also said traders of essential commodities and medicine could use their personal bank account, MFS account, agent banking account and payment service provider’s account for business transaction.

It also directed all the banks to keep their cash counters, agent banking, ATM, POS, internet, apps and USSD based services uninterrupted. 

Moreover, BB asked the banks to keep the transaction place germ-free to stop spreading the novel coronavirus.