Regulatory Alerts2026-07-02 | EPD Circular Letter No. 12 of 2026Added · Updated
Discontinuation of Telegraphic Transfer Charges Incentive Scheme (TTCIS)
The Telegraphic Transfer Charges Incentive Scheme (TTCIS) is discontinued with effect from July 01, 2026. Authorized Dealers must continue to implement the scheme's key features, ensuring that home remittance transactions meeting specific criteria remain free-of-cost for senders and beneficiaries. All Authorized Dealers, Microfinance Banks, and Exchange Companies are required to notify their constituents of this change.
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