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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EPD Circular Letter No. 12
Discontinuation of Telegraphic Transfer Charges Incentive Scheme (TTCIS)
July 02, 2026
38894
The Presidents/Chief Executives
All Authorized Dealers/Microfinance Banks/Exchange Companies
Dear Sir/Madam,
Discontinuation of Telegraphic Transfer Charges Incentive Scheme (TTCIS)
Attention of Authorized Dealers, Microfinance Banks and Exchange Companies is invited to EPD Circular Letter No. 04 of 2025, regarding the subject scheme.
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In this regard, it is hereby informed that the TTCIS is discontinued with effect from July 01, 2026 . However, the Authorized Dealers (ADs) shall continue to implement the scheme at their end while preserving its key features. The ADs shall ensure that home remittance transactions meeting the criteria laid down in the above-mentioned circular letter remain free-of-cost for the senders and beneficiaries of home remittances.
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All Authorized Dealers/ Microfinance Banks/ Exchange Companies are advised to bring the same to the notice of their constituents.
Yours sincerely,
Dr. Asif Ali Director
Home — Circulars — EPD Circular Letter No. 12
Discontinuation of Telegraphic Transfer Charges Incentive Scheme (TTCIS)
July 02, 2026