Sherif Farouk, Chairperson of Egypt Post, has cancelled the maximum deposit limit for individual and corporate savings accounts with the authority, and increased the maximum withdrawal limit from EGP 50,000 to EGP 150,000 at post offices.
He said that this decision will contribute significantly to providing the necessary cash liquidity for individuals, institutions, and companies, especially those whose activities that depend on cash collection, such as gas stations and commercial malls, in addition to the activities of selling real estate, cars, and others, explaining that this decision will also contribute to attracting customers to deposit their money in their accounts.
