DHAKA, Nov 5, 2020 (BSS) – Nagad, the mobile financial arm of the Postal Department, has brought down cash-out charge to Taka 9.99 on every Taka 1000 withdrawn, the lowest rate in the country’s burgeoning mobile financial service segment, and the rate will be applied to Nagad app users.
The fastest-growing mobile financial service provider in Bangladesh has been offering the cheapest fund withdrawal rate per Taka 1,000 cash-out for the customers since October 1, and so far customers have been able to enjoy the charge for the withdrawal of at least Taka 2,100 in a single transaction, said a press release.
From now on, users can enjoy the same rate for cashing out in every thousand and the decision has been taken to make the charge widely available.
For the customers who don’t use the mobile app for cash-out and rather rely on the mobile phone’s USSD facility, the charge will be Taka 12.99. A 15 per cent value-added tax will be applicable in both cases.
Because of the lowest cash-out charge, MFS users will be more interested in using this fastest-growing transaction facility. This will ultimately help the economy grow at a faster rate.