Dhaka, September 01- The Bangladesh Bank has announced a revised cash withdrawal limit for bank customers, allowing withdrawals of up to five lakh taka for security reasons. This increase, effective from Sunday, was previously set at four lakh taka. The new directive was communicated to all commercial banks on Saturday, urging them to adhere to the updated withdrawal limit.

While customers are restricted to withdrawing no more than five lakh Taka via cheque, there is no limit on the amount that can be transferred through digital transactions.

This decision follows a series of adjustments by Bangladesh Bank over the past weeks. Initially, on August 8, following the swearing-in of the interim government, the central bank imposed a withdrawal cap of one lakh taka, citing the country's ongoing situation. At that time, banks were also instructed to halt cash withdrawals through cheques if any suspicious activity was detected.

Since then, the withdrawal limit has been incrementally increased: two lakh taka in the second week, three lakh in the third, four lakh last week, and now five lakh rupees. The steady increase over the past four weeks is seen as part of a cautious approach to balance security concerns with the need for financial liquidity.

The interim government, which came into power following the resignation of Sheikh Hasina's government on August 5, has indicated plans for comprehensive reforms in the banking and financial sector, alongside other key areas.