The Central Bank of Nigeria (CBN) has directed banks to stop charges on cash deposits until September 30, 2024.

The apex bank disclosed this in a circular signed by its Director of Banking Supervision, ADETONA ADEDEJI.

According to the latest circular to financial institutions and non-financial institutions, CBN said the processing fees have been suspended.

The apex bank directed financial institutions to continue to accept all cash deposits from the public without any charges till the end of the third quarter.