Product Description

 Preface 

 As per the CBSL, guideline issues on the 25th November 2019, the mCash Enhanced client portmanteau limit is increased to Rs. Thus, the client mCash Accounts complying to the KYC regulations of CBSL ( Full KYC streamlined accounts with KYC 1 & 2) are now upgraded to a diurnal sale limit of Rs/-. Still, the enhanced account mCash guests are allowed to maintain only one portmanteau per NIC. 

 

 Farther, guests will be suitable to register for mCash with introductory KYC details. 


 What are KYC1 Details? 

 Full Name as in NIC or PassportAddress (Permanent & Billing address) DOBNICGenderTitleNationality 

What are KYC 2 Details? 

 Purpose of using mCash ( drop-down list) Are you a Vim/ Associate/ family member – Yea/No. However, Name (data input) If Yes, Relationship (data input) Estimated yearly income ( drop-down list) Sources of income ( drop-down list) OccupationFirst Name (data input) Last Name (data input) Mama's maiden name (data input) Country of Birth (data input) Reason for Enhancing/ Downgrading (If Enhancing/ Downgrading) As per the new guideline, If Yes. Still, until the system variations are carried out, guests will be needed to enter KYC 2 details indeed to register for an introductory portmanteau. 

 

 How to enhance the portmanteau to Rs? 

. The client can enhance the portmanteau by visiting any Mobitel branch under the condition of only having one active mCash portmanteau per Client NIC. The client can conclude to terminate any mCash portmanteau under his/ her NIC and elect the mCash portmanteau, which needs to be enhanced to Rs diurnal limit. 

 

 Can guests with multiple holdalls enhance to Rs diurnal limit? 

. No, client can only have one portmanteau with Rs portmanteau limit and Client should terminate all the other holdalls. 

Is there any difference in the charges?


What is the new transactions limit?