Bangladesh Bank (BB) has relaxed the requirement for availing 2.5 percent cash incentive for inward remittances over US$5,000 or Taka 5 lakh.

From now, non-resident Bangladeshis (NRBs) and migrant workers will not require presenting documents while sending over $5,000, or Taka 500,000 in remittance, in order to qualify for the incentive given by the government.

The central bank issued a circular today (May 23) in this regard.

This new facility will be available until further notice, the circular added.

Earlier remitters needed to submit remittance-related documents.

BDST: 1812 HRS, MAY 23, 2022
MSK/SMS