BB sets ceiling on ATM charges

Dhaka, Bangladesh (BBN)- The central bank has capped the fees for ATM (automated teller machine) services to encourage people to use electronic transactions at their convenience instead of taking the risk of cash withdrawal from branches.

The Bangladesh Bank (BB) on Tuesday in a circular fixed the fees for per transaction at BDT 0 for using the ATM installed by the same card issuing bank and BDT 20 for using others' ATM.

The fee will be BDT 5.0 for each of the balance inquiry and mini balance statement for all banks.

The new fees will be effective from April 1.

Currently, banks are charging people maximum BDT 35 for each transaction at ATMs.

BBN/SSR/AD-18Mar14-10:12 pm (BST)

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