No document needed to avail cash incentives for remittance over Tk5 lakh
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.
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.
