The country’s commercial banks have been restricted from agent banking in the rural A Bangladesh Bank circular issued yesterday said the agent banking activities will be conducted out of the rural areas (metropolitan or city corporation or municipality).

Only sharia-based banks could provide islami banking service in the agent banking levels. Agent money will be brought under insurance coverage.

Every agent will have a current account with respective bank to conduct the agent banking activities. The highest status limit of the account will be Tk10 lakh.

Bank clients will be allowed to deposit or withdraw highest Tk25,000 in each transaction (cash withdraw or cash deposit) and two times per day. But the limit will not be  applicable in case of remittance withdrawal.