As a result of this new policy, MFS companies like bKash, Rocket and Cash are no longer able to use the money deposited as their customers for their own needs. All service providers involved in financial transactions like MFS, IPE, D Money, SSL Commerce have to comply. The central bank takes steps to ensure the security of customer deposits on electronic platforms.
At the end of the day, the customer deposits around Rs 8,500 crore on such platforms outside the bank. In contrast, some are paying interest to customers. And some people are keeping this money of the institutions in the bank at high interest, while others are keeping it elsewhere. This policy of the Central Bank has ensured the proper use of the deposits of the customers.
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