About changing the conditions for cash withdrawal by legal entities

The national Bank of Kazakhstan notifies of changes in the conditions for withdrawing cash from Bank accounts for legal entities.
The rules on setting the maximum amount of the allowed amount for cashing, approved today by the decision of the NBK Board, will come into force on June 1, 2020.
Rules:
* natural person;
* individual entrepreneur;
* entities of micro-enterprises;
* legal entities that purchase agricultural products and fish products;
• does not apply to legal entities engaged in the retail sale of food, beverages, pharmaceutical, medical and orthopedic products.
The national Bank sets the following limits for legal entities to receive cash from Bank accounts:
* for small businesses-20 million tenge per calendar month;
* for medium-sized businesses - 120 million tenge per calendar month;
* for large businesses - 150 million tenge per calendar month.
If legal entities provide the appropriate justification to second-tier banks, it is allowed to exceed the established limit. In turn, the STB agrees an application for an increase in the amount with the state revenue Committee of the Ministry of Finance of the Republic of Kazakhstan within 3 working days.