Dhaka, August 18-- Bangladesh Bank has increased the maximum cash withdrawal limit from banks to three lakh Taka, effective from Sunday. This decision, taken for security reasons, was communicated to all commercial banks on Saturday. Previously, the withdrawal limit was set at two lakh Taka, but it has been raised as the new week begins.

The directive emphasizes that while customers can withdraw up to three lakh Taka through cheques, digital transactions remain unrestricted, allowing any amount of money to be transferred electronically. The central bank's move comes after an earlier restriction imposed on August 8, limiting cash withdrawals to one lakh taka amid ongoing national unrest.

The initial restriction coincided with the formation of an interim government following the resignation of former Prime Minister Sheikh Hasina on August 5. The central bank had issued instructions to halt transactions suspected of being fraudulent and to limit cash withdrawals, citing the volatile situation in the country. The withdrawal limit was subsequently raised to two lakh taka last week in response to public pressure.

The interim government, formed in the wake of Sheikh Hasina's departure, has been focused on reforming various sectors, including the banking and financial sectors. This recent adjustment in withdrawal limits reflects the ongoing efforts to stabilize the country's economy while ensuring security during this transitional period.