No document needed to avail cash incentives for remittance over Tk5 lakh
Representational image/Reuters
The Bangladesh Bank (BB) has relaxed the requirement for availing 2.5% cash incentive for inward remittances over Tk5 lakh.
From now on migrant workers can get the incentives without submitting any documents, said a circular of the banking regulator today.
Earlier remitters needed to submit remittance related documents.
Keep updated, follow The Business Standard's Google news channel
This new facility will be available until further notice, the circular adds.
Bangladesh received $2.09 billion in remittances in April, the highest amount in a single month of the current fiscal year.
