Regulatory Alerts2019-11-20
Added · Updated
FEPD Circular Letter No. 29: Regarding Cash Incentive on Wage Earners Remittance
The document amends FEPD Circular No. 31 by replacing the cash incentive provision for remittances with a maximum incentive of BDT 1,500 or 2% of the remittance amount, whichever is lower, applicable without any documentation. It also extends the deadline for recipients to submit required documents from five working days to fifteen working days. These amendments apply to all scheduled banks operating in Bangladesh and take effect immediately.
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