Nagad cuts cash-out charge to Tk 9.99

Staff Correspondent | Published: 01:22, Oct 02,2020


Mobile financial service of the government postal department Nagad has brought down cash-out charge to Tk 9.99 for per Tk 1,000, the lowest rate in the country’s burgeoning mobile financial service segment.

The fastest-growing mobile financial service is offering the cheapest withdrawal rate on the occasion of the 74th birthday of prime minister Sheikh Hasina, said a press release on Thursday.

However, the customers, who don’t use mobile app for cash-out, have to pay Tk 12.99 for making transaction through USSD.

Nagad said users will have to withdraw at least Tk 2,100 in a single transaction to avail of the new rate and a 15 per cent Value Added Tax will be applicable.

With this lower cash-out charge currently, Nagad users are also enjoying a free of cost transaction within the network, whereas other operators charge intra-operator transactions.

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