Dhaka, Bangladesh (BBN) - The central bank has raised the maximum credit card loan ceiling for individuals to BDT 4.0 million, up from BDT 2.50 million, in a move aimed at strengthening the country’s digital payment ecosystem.
The Bangladesh Bank (BB), the country’s central bank, issued a directive in this regard on Sunday, introducing a comprehensive new guideline for banks as part of broader efforts to promote a cashless economy and strengthen governance in credit card operations.
Under the revised framework, the ceiling for unsecured credit card loans has been increased to BDT 2.0 million from the previous BDT 1.0 million, allowing banks to extend higher credit facilities to customers without requiring collateral.
The latest directive comes amid a rapid rise in credit card usage in the country, particularly for everyday retail transactions, online purchases and bill payments.
According to the BB, the updated framework consolidates earlier circulars into a **comprehensive regulatory structure** designed to address emerging operational challenges and modernise credit card management in the banking sector.
The new guidelines place emphasis on strengthening risk management, safeguarding customer rights, enhancing transparency in transactions and encouraging responsible lending practices by banks.
The central bank also said the initiative aims to create a more secure and transparent payment environment, supporting the gradual expansion of digital transactions and the development of a cashless financial system in Bangladesh.
BBN/SSR/AD