This presentation slide is based on mobile banking laws and policies under Bangladeshi Law.

1. Md. Jahid hassan
section- a
i.d- 16421045
departMent of Law
BangLadesh University of
professionaLs

2. Topics will Cover
Definition of Mobile Banking.
Current Regulatory Framework of
Mobile Banking in Bangladesh.
Guideline on Mobile Financial
Service (MFS).
Transaction Limitation Imposed by
Bangladesh Bank
Conditions and Limitations of
bkash.

3. Definition of Mobile
Banking
Mobile banking is a service provided by
a bank or other financial institution that
allows its customers to conduct financial
transactions remotely using a mobile
device such as a mobile phone or tablet. It
uses software, usually called an app,
provided by the financial institution for the
purpose.

4. Current Regulatory
Framework of Mobile
Banking in Bangladesh.
Bangladesh Bank Order, 1972
• The main functions of the
bank(s.7)
Bangladesh Payment and
Settlement Systems Regulation-
2014
• How mobile bank get license(Art.5)
Guideline on Mobile Financial
Service (MFS)

5. Guideline on Mobile
Financial Service (MFS)
 Para 5.0. Mobile Financial Services: Bangladesh Bank
may allow the following Mobile Financial Services (in broad
categories) ‐
 Disbursement of inward foreign remittances,
 Cash in /out using mobile account through agents/Bank
branches/ ATMs.
 Person to Business Payments ‐ e.g. a. utility bill payments,
b. merchant payments
 Business to Person Payments e.g. salary disbursement.
 Government to Person Payments e.g. elderly allowances.
Freedom‐fighter allowances.
 Person to Government Payments e.g. tax, levy payments.
 Person to Person Payments (One registered mobile Account

6. Transaction Limitation
Imposed by Bangladesh
Bank Through PSD Circular no. 01/2017, dated:
11/01/2017, Bangladesh Bank has reset the
transaction limit in the following manner-
Serial No. Type of transaction Transaction limit
Per Day Per Month
01. Cash in BDT 15,000/- (maximum 2
transactions)
BDT 1,00,000/- (maximum
20 transactions)
02. Cash out BDT 10,000/-(maximum 2
transactions)
BDT 50,000/-(maximum 10
transactions)
03. Person 2 person
transfer
BDT 10,000/- (no limit in
transaction number)
25,000/-(no limit in
transaction number)

7. Conditions and Limitations
of bkash.
 On January 11, 2017 as per PSD circular no-01/2017
Bangladesh Bank has brought some changes in the limit
of Mobile Financial Service transactions, which are-
Transaction
Type
Maximum Number of Transactions Maximum Amount
Per Day Per Month Per Day (Tk) Per Month (Tk)
Cash In 2 20 15,000 100,000
Send Money 20 70 10,000 25,000
Payment No Limit No Limit No Limit No Limit
Cash Out
from Agent
2 10 10,000 50,000
International
Remittance
No Limit No Limit 150,000 150,000

8. Recommendation
Laws/Acts should be strictly
monitored by central bank.
Prevent Terrorist Activities.
 Providing strong Privacy system.
To enact new law regarding
punishment of abusing mobile
banking.