InternationalInternational Economics

My Persian Request to change the cash withdrawal limit from the bank teller / why the withdrawal limit does not change


According to the economic correspondent of Fars News Agency, today there are various methods for transferring and receiving money as well as online shopping, one of the mainthe most Bank transactions that must be done face-to-face are cash withdrawals, of course, with the formation and penetration of internet systems and services, the need for cash has decreased, and as a result, the volume of this transaction has decreased drastically in the past few years.

The maximum amount of money received from ATMs during the day for each bank card is 2 million Rials. However, this limitation exists in Shatab’s interbank network, that is, if the cash withdrawal is done within the bank and from the card issuing bank’s ATM, the limit may be higher.

In some limited times in the past, such as holidays, when the need for cash increased among people, according to the opinion of the Central Bank, the limit for withdrawing cash from banks was increased to 500 thousand tomans, which did not happen again.

According to many experts, keeping cash is wrong considering the development of electronic banking; But in some days and months of the year, the need for cash increases.

In this regard, Ali Momeni, an economic expert, said inSpeaking to the economic reporter of Fars News Agency, he said: The non-increase of the cash payment limit from bank tellers is related to the macroeconomic policies of the country, the policy maker does not have much desire to carry out small transactions in cash due to receiving tax from card reader transactions.

He continued: Sellers are also very willing to receive money from buyers through card readerThey don’t have any, it’s not very pleasant for Anna to do any bank transaction because of paying tax to the sellers.

Therefore, the report of last few days campaign has been registered in my Fars system with the title “Increase the cash withdrawal amount from ATMs” and the audience has requested to increase the cash withdrawal limit from ATMs.

end of Message/T 21




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