The Central Bank of Iran has imposed new limits on money transfer via bank cards in a renewed bid to control and curb suspicious transactions.
In a bylaw to banks, the CBI has required them to limit card-to-card money transfer to each recipient to 20 transactions per day, according to the Persian-language journal Peyvast.
Each card-holder with an ID can receive money via bank cards through a maximum of 20 transactions per day. In one month the number of transactions must not exceed 80, according to the new rules.
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